December 11, 2014, Vancouver, BC: Teuton Resources Corp. (“Teuton”) (“TUO”-TSX-V) (“TFE”-Frankfurt) (“TEUTF”—OTCBB) has agreed to complete a private placement to raise proceeds of up to $300,000. It has been agreed that the offering will comprise up to 6,000,000 units. Each unit will cost $0.05 and consist of one common share and a warrant, the warrant exercisable over a two year period. The warrants will be exercisable in the first year for an additional share at $0.07 and in the second year at $0.10.
Proceeds of the offering will be spent on general corporate purposes and litigation-related costs. A small portion of the offering will go towards development of a drone capable of flying a controlled, GPS-guided grid pattern over Teuton’s many properties in the Stewart area. The drone will carry a very high-resolution camera, the feed from which will be downloaded into special software programs capable of knitting the data into 3-D images. Company management believes this technology will prove to be highly effective as an exploration tool, allowing virtual prospecting of large portions of its properties that would not otherwise be accessible. Plans are to test the drone during the 2015 field season and thereafter groom it for commercial application.
“Dino Cremonese, P.Eng.”
Teuton Resources Corp.