Teuton Resources Corp.: Private Placement Oversubscribed, Increased to $1,334,640 Due to Demand  Press Release: Teuton Resources Corp. – 3 hours ago
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VANCOUVER, BRITISH COLUMBIA--(Marketwire -08/03/12)- Teuton Resources Corp. ("Teuton") ( TUO.V)( TEUTF)( TFE.F) is pleased to announce that the private placement announced June 12, 2012 and amended June 28, 2012 has been completed, subject to regulatory approval. Due to strong demand it was oversubscribed again.
The placement, which was originally increased from $576,000 to $960,000, has now been completed at $1,334,640. It consists of 4,170,750 units at $0.32 per unit. Each unit will consist of one common share of the Company plus one warrant entitling the subscriber to purchase a common share at $0.35 for a two year period.
Funds will be used to further exploration of its many properties in the Stewart region, to pay for litigation, and for general corporate purposes.
Dino Cremonese, P.Eng., President
Teuton Resources Corp. |
