Vancouver, Canada –– Teuton Resources Corp.  (“Teuton” or “the Company”) (“TUO”-TSX-V) (“TFE”- Frankfurt) is planning a spin-out of its mineral property assets located south of the Sulphurets Hydrothermal System (“SHS”) in the Golden Triangle region of northwestern British Columbia.  These assets include, among others, the Big Gold, Eskay Rift, Tennyson, Pearson, Leduc Silver, Four J’s and Harry properties.  Properties presently under option, such as the Harry, will be assigned Teuton’s interest in the option, the rest are all 100% owned by the Company.  The spin-out will proceed in two phases:  in the first phase, the tax implications of the spin-out will be studied to determine the most efficacious method of transferring the assets.  Once a favourable tax assessment is received from the Company’s tax advisor, the spin-out will advance to a formal second phase.  Phase two will entail a share capital reorganization effected through a statutory plan of arrangement (the “Arrangement”).  Under the Arrangement, Teuton will transfer the defined assets to a wholly-owned subsidiary as yet unnamed (for the purposes of this news release — “Company X”).  Shares in Company X will then be distributed to Teuton’s shareholders pro rata their interest in Teuton under a formula yet to be determined.  The spinout transaction will be effected pursuant to the arrangement provisions of the Business Corporations Act (British Columbia) and must be approved by the Supreme Court of British Columbia and by the affirmative vote of two-thirds (2/3) of Teuton’s shareholders in attendance at a shareholders’ meeting.  The transaction and the listing of Company X will also be subject to the approval of … Continue reading Proposed Spin-out of Teuton Copper-Gold Properties South of the SulphuretsHydrothermal System; Application for OTC QB Listing; Advisory Board