June 26, 2012, Vancouver, BC: Teuton Resources Corp. (“Teuton”) (“TUO”-TSX-V) (“TFE”-Frankfurt) (“TEUTF”—OTC BB) announces that it has applied to the TSX Venture Exchange (the “Exchange”) for approval to extend the expiry dates of certain common share purchase warrants issued as part of two separate Private Placements which closed in July and September 2010.
Each warrant expiry shall be extended for an additional two years, as follows:
1. 1,163,611 Warrants shall be amended to expire July 16, 2014;
2. 1,000,000 Warrants shall be amended to expire September 07, 2014
All other terms and conditions of the Warrants, including the exercise price of $0.50, remain unchanged. For information pertaining to the Warrants please see the Company’s news release’s dated June 01, 2010 and July 19, 2010.
The proposed extension remains subject to Exchange approval.
Annual General Meeting
The Company also reports the results from the annual shareholder meeting held on June 25th, 2012.
At the meeting, the following directors were re-elected to the Company’s Board of Directors (“Board”): Dino Cremonese, Michael Ginn, and Robert Smiley. The Company is pleased to announce the election of Amanda Mullin as a new member. Ms. Mullin has been Project Geologist for the Company for the past three years. Additionally, the Company reports that the Board has accepted the resignation of Gertrud Cremonese as a Director of the Company. We would like to thank Gertrud for her many years of service to the Company.
The Company re-appointed Manning Elliot LLP, Chartered Accountants as the Company’s auditors for the financial year ending December 31, 2012.
“Dino Cremonese, P.Eng.”
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.