Teuton Resources Corp. (“Teuton”) (“TUO”) is pleased to announce a private placement of up to $240,000. Teuton plans to raise $240,000 by the sale of 600,000 units at $0.40 per unit. Each of the units will consist of one common share and one non-transferable share purchase warrant. One warrant will entitle the holder to purchase one additional common share of Teuton for a period of two years at a price of $0.48 per share.
The proceeds will be used for general corporate purposes.
The private placement is subject to the approval of the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS
“D.Cremonese, P.Eng.”, President
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.