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To: Goose94 who wrote (8977)9/20/2014 7:28:29 AM
From: Goose94Read Replies (1) | Respond to of 202405
 
Teuton Resources (TUO-V) Sept 19, '14 PP fully subscribed

Sept 8, '14 - NR

Teuton Resources Corp. is arranging an offering of five million units at a price of 10 cents per unit, for gross proceeds of up to $500,000. Each unit will consist of one common share of Teuton and one common share purchase warrant; each warrant will entitle the holder to purchase one additional common share of Teuton at a price of 12.5 cents for a period of 12 months after the closing of the offering and thereafter at a price of 15 cents until 24 months after the closing of the offering. This private placement is in addition to the one announced on Aug. 5, 2014.

A finder's fee, up to the maximum allowable under TSX Venture Exchange policy, may be payable in regard to the offering. Insiders of the company may be taking part in the offering. All securities issued in the offering will be subject to a hold period of four months plus one day. The offering is subject to regulatory approval.

Net proceeds from the offering will be used to finance exploration of the company's mineral properties in the Stewart area of northwestern British Columbia, for payment of court costs and for general corporate purposes.