February 6, 2015, Victoria, BC: Teuton Resources Corp. (“Teuton”) (“TUO”-TSX-V) (“TFE”-Frankfurt) (“TEUTF”—OTCBB) announces that the Board of Directors of the Company have approved a consolidation of its common shares on the basis of one (1) new post-consolidation common share for every five (5) pre-consolidation common shares. The Company proposes this consolidation in order to facilitate future financings and acquisitions, and a name change is not intended as part of the consolidation. This is the first share consolidation since the Company was listed on the Vancouver Stock Exchange in mid-1985, 29.5 years ago.
There are presently 70,044,411 common shares issued and outstanding in the capital of the Company and, following the proposed share consolidation, there will be approximately 14,008,882 common shares issued and outstanding. The Board of Directors may, at their discretion, determine when such a consolidation will occur. The consolidation is also subject to acceptance for filing by the TSX Venture Exchange.
Respectfully:
“Dino Cremonese, P.Eng.”
President,
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.
