Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Teuton Resources Corp V.TUO

Alternate Symbol(s):  TEUTF

Teuton Resources Corp. is a Canada-based exploration-stage company. The Company is engaged in the business of acquiring, exploring, and dealing in mineral properties in the province of British Columbia, Canada. The Company owns interests in more than thirty properties in the prolific Golden Triangle area of northwestern British Columbia. Its property portfolio includes Treaty Creek Property, Eskay Rift Property, Harry Property, Del Norte Property, Lord Nelson Property, Orion Property, Big Gold Property, Tonga Property, Fiji Property, King Tut Property, Tuck Property, High North Property, Delta Property, Fairweather Property, Tennyson Property, Pearson Property, Clone Property, Four J’s Property, Konkin Silver Property, Midas Property, Bay Silver Property, Bonsai Property, Gold Mountain Property, Ram Property, Silver Leduc Property, Stamp Property, and Treaty East Property.


TSXV:TUO - Post by User

Post by Fabeon Oct 30, 2021 3:38pm
234 Views
Post# 34068724

Harry property jv deal

Harry property jv dealI don't think the details were provided so far. Maybe i missed them. From latest opv md&a and hopefully the format hold well! Option of 80% Interest in the Harry and Outland Silver Bar Properties (the Harry Property) (contd) Consideration to acquire the 80% interest in the Harry Property is as follows: Cumulative Exploration Expenditures: $500,000 on or before September 13, 2022 (the Year 1 expenditures); a further $1,000,000 on or before September 13, 2023 (the Year 2 expenditures); a further $1,500,000 on or before September 13, 2024 (the Year 3 expenditures); a further $2,000,000 on or before September 13, 2025 (the Year 4 expenditures); a further $4,000,000 on or before September 13, 2026 (the Year 5 expenditures). All exploration expenditures are on a make or pay basis, meaning the Company shall either make the required expenditures, or pay the Optionor in cash for any shortfall within 30 days of the period during which the expenditures were required. Cash Payments: $50,000 on TSX Venture Exchange approval of the agreement; a further $75,000 on or before the earlier of September 13, 2022 and the date that is 30 days after the date that the Year 1 expenditures are incurred; a further $100,000 on or before the earlier of September 13, 2023 and the date that is 30 days after the date that the Year 2 expenditures are incurred; a further $150,000 on or before the earlier of September 13, 2024 and the date that is 30 days after the date that the Year 3 expenditures are incurred; a further $400,000 on or before the earlier of September 13, 2025 and the date that is 30 days after the date that the Year 4 expenditures are incurred; a further $725,000 on or before the earlier of September 13, 2026 and the date that is 30 days after the date that the Year 5 expenditures are incurred. Share Issuances: 200,000 shares on TSX Venture Exchange approval of the agreement; a further 300,000 shares on or before the earlier of September 13, 2022 and the date that is 30 days after the date that the Year 1 expenditures are incurred; a further 300,000 shares on or before the earlier of September 13, 2023 and the date that is 30 days after the date that the Year 2 expenditures are incurred; a further 700,000 shares on or before the earlier of September 13, 2024 and the date that is 30 days after the date that the Year 3 expenditures are incurred; a further 1,000,000 shares on or before the earlier of September 13, 2025 and the date that is 30 days after the date that the Year 4 expenditures are incurred; a further 1,500,000 shares on or before the earlier of September 13, 2026 and the date that is 30 days after the date that the Year 5 expenditures are incurred. Upon exercise of the option by the Company, the parties will enter into a joint venture agreement for the operation of the Harry Property with the Company being the operator. The Company will grant the Optionor a 2% net smelter return royalty.
<< Previous
Bullboard Posts
Next >>