Teuton Resources Corp. (“Teuton”) (“TUO”) is pleased to announce a private placement of up to $600,000. Teuton plans to raise $600,000 by the sale of 1,200,000 units at $0.50 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 $0.58 per share from the original issue date of the warrants.
The proceeds from the private placement will be used for exploration on the Company’s mineral properties in the Stewart region of northwestern British Columbia and also for general corporate purposes.
Teuton may pay a finder’s fee or commission for a portion of the private placement in accordance with the policies of the TSX Venture Exchange. The private placement is subject to the approval of the TSX Venture Exchange.
D. Cremonese, P.Eng.,
Teuton Resources Corp.
The foregoing securities have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons absent U.S. registration or an applicable exemption from U.S. registration requirements. This release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation or sale would be unlawful.
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.
The TSX Venture Exchange does not accept responsibility for the accuracy or the adequacy of this release.