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Teuton Invests $500,000 into Decade Resources, Optionee of the Del Norte Property, Golden Triangle, British Columbia
(TheNewswire) August 10, 2021 - TheNewswire - Vancouver, Canada - Teuton Resource...
About this update from Teuton Resources Corp.
[{"type":"text","content":"Teuton Invests $500,000 into Decade Resources, Optionee of the Del Norte Property, Golden Triangle, British Columbia\n \n \n (TheNewswire)\n \n \n \n August 10, 2021 - TheNewswire -\n \n \n Vancouver, Canada - Teuton\nResources Corp.  (“Teuton” or “the Company”) (\n \n \n TSXV:\n \n \n TUO)\n \n \n (OTC:TEUTF)\n \n \n (\n \n \n Frankfurt:\n \n \n TFE)\n \n \n has entered into a private placement with Decade Resources\nLtd. (“Decade”), subscribing for 10,000,000 non-flow-through\ncommon units at a price of $0.05 per unit.  Each unit consists of one\nnon-flow-though common share and one warrant good for two years to\npurchase another non-flow-though common share at $0.08 per share.\nTotal investment is $500,000.\n \n \n Net proceeds of\nthe private placement will be used to advance exploration of the Del\nNorte property as well as for general working capital purposes.  All\nsecurities issued pursuant to the Private Placement are subject to a\nstatutory four-month hold period.  No finder's fees were paid in\nconnection with the Private Placement. The Private Placement is\nsubject to approval of the TSX Venture Exchange.\n \n \n \n \n Dino Cremonese, President and CEO of\nTeuton\n \n \n commented: “This investment was made\nprimarily on the strength of the Del Norte gold-silver property,\nhowever we also took into consideration the many other precious metal\nproperties owned by Decade in the Golden Triangle such as the Red\nCliff.   We also recognize Ed Kruchowksi, President of Decade, as a\nvery seasoned explorer who has more than forty years of experience in\nthe region and who has participated in many discoveries therein during\nthat time.”\n \n \n \n \n Ed Kruchkowski, President and CEO of Decade Resources,\nstated\n \n \n :\n \n \n “This significant equity investment by\nTeuton, the optionor of the Del Norte, is a very strong endorsement of\nboth Decade Resources and the Del Norte project. We are pleased that\nour partner Teuton and their President and CEO Dino Cremonese have so\nmuch confidence in the project and in Decade Resources as the operator\nof the Del Norte project.”\n \n \n \n \n About Teuton\n \n \n \n \n Teuton owns interests in more than thirty properties in\nthe prolific Golden Triangle area of northwest British Columbi...