Teuton Resources Corp V.TUO

Alternate Symbol(s): TEUTF

Metals & Mining Industrial Metals & Minerals

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.

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Teuton Resources Corp > ascot big IP structure running from harry onto ascot land

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Comment by bigboy999on Apr 16, 2024 1:44pm

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Post# 35991962

RE:RE:RE:ascot big IP structure running from harry onto ascot land

The Harry property was optioned to Optimum Ventures in September of 2021. Terms allow Optimum to earn up to an 80% interest by carrying out $9 million of work over five years. Optimum must also pay Teuton $1.5 million in cash and issue 4,000,000 shares to Teuton over the option period. Teuton retains a 2.0% Net Smelter Royalty and a 20% interest after the option is exercised. Down payment is $50,000 and 200,000 shares. In 2023 Optimum Ventures was taken over by Blackwolf Copper and Gold (“BWCG”), one share of Optimum given for 0.65 share of BWCG.

I'm assuming the Optimum agreement carried over to BWCG which would leave TUO with 2.6 M shares of BWCG, but not 100% sure? Maybe someone could clarify.

Thanks ............ BB

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