July 18, 2011, Vancouver, BC: Teuton Resources Corp. (“Teuton”) (“TUO”-TSX-V) (“TFE”-Frankfurt)) has agreed, due to over subscriptions, to increase the number of units offered in the recently announced private placement (June 21 and July 13, 2011). It will now be raising $1,545,000 consisting of 3,090,000 units at $0.50 per unit, with each unit consisting of one common share of the Company plus one warrant entitling the subscriber to purchase a common share at $0.55 for a one year period, or alternatively for $0.70 for a two year period.
Proceeds of the offering will be expended on the Company’s properties in northwestern British Columbia and for general corporate purposes.
The private placement is subject to approval from the regulatory authorities.
“Dino Cremonese, P.Eng.”
D. Cremonese, P.Eng.
Teuton Resources Corp.
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