Business
Stock Options Granted
(via TheNewswire) Vancouver, BC - TheNewswire - May 7, 2020 - Teuton Resources Cor...
About this update from Teuton Resources Corp.
[{"type":"text","content":"Stock Options Granted(via TheNewswire)\n \n \nVancouver, BC - TheNewswire - May 7, 2020 - Teuton Resources Corp. (\"Teuton\" or \"the Company\") (TSXV:TUO) (\"TEUTF\"-Frankfurt) announces the grant to directors of the Company options to purchase 960,000 shares of the Company at a price of $0.50 per share, exercisable until May 7, 2025, in conformance with its 2020 Stock Option Plan (a fixed, less than or equal to 10% plan) The stock option grants are subject to the approval of the TSX Venture Exchange.\n\n \n \nThe price of Teuton's stock closed yesterday at $0.49 per share.\n\n\n \n\n\n\n \nAbout Teuton\n\n \n \nTeuton owns interests in more than thirty properties in the prolific \"Golden Triangle\" area of northwestern British Columbia and was one of the first companies to adopt what has since become known as the \"prospect generator\" model. Seven of these properties are currently under option to third parties. Over $4 million in option cash payments and shares in optionee companies has been generated from these properties since 2015, including properties where optionees have already earned their interest. \n\n \n \nTeuton was the original staker of the Treaty Creek property assembling the core land position in 1985. It presently holds a 20% carried interest in Treaty Creek (carried until such time as a production decision is made) as well as a 0.98% NSR in the claims covering the Goldstorm zone. A 0.49% NSR is owned in the peripheral claims. None of the NSRs are subject to a buy-back. \n\n \n \nTeuton also owns many royalties in the Sulphurets Hydrothermal System with interests ranging up to 2.5%. None of these royalties are subject to a buyback. Interested parties can access information about Teuton at the Company's website, www.teuton.com. \n\n \n \nRespectfully:\n\n \n \n\"Dino Cremonese, P.Eng.\"\n\n \n \nPresident, Teuton Resources Corp.\n\n \n \nFor more information contact Investor Relations at 778-430-5680 or [email protected]. If you would like to be added to Teuton's news distribution list, please send your email address to [email protected]\n\n \n \nThis 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 ...