October 7, 2015, Vancouver, BC: Teuton Resources Corp. (“Teuton”) (“TUO”-TSX-V) (“TFE”-Frankfurt) (“TEUTF”—OTCBB) announces that subject to regulatory approval, the Company is extending the private placement (the “Offering”) announced on August 17, 2015 (flow-through portion: 2,000,000 units at $0.10/unit, each unit consisting of one flow-through share and a two year warrant exercisable at $0.12/share into a common share; regular portion: 800,000 units at $0.075 unit, each unit consisting of one common share and a two year warrant exercisable at $0.095/share). The terms of the Offering will remain the same as previously announced (see press release dated August 17, 2015). The Company expects the Offering to close on or before 45 days from today’s date.
A finder’s fee, up to the maximum allowable under TSX Venture policy, may be payable in regard to the Offering. Insiders of the Company may be taking part in the Offering. All securities issued by the Offering will be subject to a hold period of four months plus one day.
Net Proceeds from the flow-through portion of the Offering will be used to explore the Company’s properties in the Stewart area of northwestern British Columbia. Net proceeds from the regular portion of the Offering will be used for general corporate purposes.
The private placement is subject to the approval of the TSX Venture Exchange.
About Teuton Resources Corp.
Teuton is a Canadian junior mineral exploration company, publicly listed for the past thirty years and focused on the Golden Triangle region of northwestern British Columbia. Its principal properties are located north and south of the Brucejack property of Pretium Resources and the KSM property of Seabridge Gold. Teuton has over thirty properties several of which are under option. Most recently it optioned its King Tut and Tuck properties to Pretium Resources for $1.8 million payable over four years, retaining a 2% NSR.
For further information, please visit the Company’s website at www.teuton.com to view the most recent corporate presentation.
“Dino Cremonese, P.Eng.”
President, Teuton Resources Corp.
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This news release includes certain forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and we caution against placing undue reliance thereon. Teuton Resources Corp. does have an ongoing obligation to disclose material information, as it becomes available.
The TSX Venture Exchange has neither approved nor disapproved the
information contained herein.