Business
Private Placement
(TheNewswire) June 26, 2025 – TheNewswire - Victoria, BC - Teu...
About this update from Teuton Resources Corp.
[{"type":"text","content":"Private Placement\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n June 26, 2025 –\n \n\n TheNewswire\n-\n \n\n Victoria,\nBC -\n \n\n Teuton Resources\nCorp.\n \n\n (“\n \n\n Teuton” or “the Company\n \n\n ”) (“\n \n\n TUO”-TSX\n \n\n -\n \n\n V\n \n\n )\n \n\n (\"TFE\"-Frankfurt)\n(“TEUTF”–OTCQB)\n \n\n announces that it intends\nto complete a non-brokered private placement consisting of the\nissuance of 2,000,000 units at a price of $0.80 per unit for gross\nproceeds of $1,600,000.  Each unit will consist of one common share\nand one-half of a warrant; each whole warrant entitles the purchaser\nto obtain one common share exercisable at $1.20, valid for two years\nfrom the closing of the private placement.\n \n\n\n\n The private placement is subject\n \n\n to regulatory approval, including but not limited to approval of the\nTSX Venture Exchange, and all securities issued pursuant to the\nprivate placement will have a hold period of four months and one\nday.\n \n\n There are no finder’s fees or other\ncommissions associated with the transaction.\n \n\n\n\n The proceeds of the financing will be used mainly for\nexploration of its many mineral properties in the Golden Triangle area\nof northwestern British Columbia. Additional uses of the proceeds will\nbe for general corporate purposes.\n \n\n\n\n About\nTeuton\n \n\n\n\n Teuton owns interests in more than twenty properties in\nthe prolific “Golden Triangle” area of northwest British Columbia\nand was one of the first companies to adopt what has since become\nknown as the “prospect generator” model.  This model minimizes\nshare equity dilution while at the same time maximizing opportunity.\n Earnings provided from option payments (received in cash and often\nalso in shares of the optionee companies), has provided Teuton with\nsubstantial income over the years.  Teuton also owns many royalties\nin the Golden Triangle, including a 0.98% net smelter royalty in the\ncore portion of the Treaty Creek property, host to the Goldstorm gold\ndeposit.\n \n\n\n\n Respectfully submitted,\n \n\n\n\n \"Dino Cremonese, P.Eng.\"\n \n\n\n\n Dino Cremonese, P. Eng.,\n \n\n\n\n President and Chief Executive\nOfficer\n \n\n\n\n For further information, please visit the Comp...