Teuton Resources Corp V.TUO

Got them cheap!

[flashcash]

 

Teuton Resources three-million-share private placement

 

2020-07-03 18:41 ET - Private Placement

 

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 1, 2020.

 

Number of shares:  three million shares

Purchase price:  80 cents per share

Warrants:  1.5 million share purchase warrants to purchase 1.5 million shares

Warrant initial exercise price:  $1

Warrant term to expiry:  one year

Number of placees:  15 placees

 

Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

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[Tim2Agami]

If the pattern and strategy goes as usual, the 80 centers will be sold off by the placees into the market as soon as the hold comes off, taking instant and substantial profits (and putting pressure on the share price as the tens of thousands of shares are dumped), and the one buckers (free) warrants will be kept for exercise into replacement shares in due course down the road -- but they are

[alpha74]

At least 2/3 of this PP has been taken over byEric Sprott. Therefore, not too many shares of this PP will come onto the market soon. I am sure that Eric has much higher share price target than CAD 3... "Eric Sprott has agreed to subscribe for a minimum of 2,000,000 Units (Mr. Sprott also agreed to sign a voting agreement with Teuton promising to vote with management in the event of a hostile

[monstapeake]

why they given this away at $.80?  Should not this be priced higher!  

[Tim2Agami]

Well that 80 cents was above the market then, when they came on offer, not these days. And what would you say to those who accepted the risk/reward option at 22+ cents one year ago? July 8, 2019 TheNewswire / Vancouver, BC --  Teuton Resources Corp. ("Teuton" or "the Company") (TSXV:TUO) (OTC:TEUTF) (Frankfurt:TUC)  announces

[stockzorg]

Something not quite right here folks!  This is a note on the acceptance of the June 2 PP.  None of the numbers have changed.  3,000,000 units at $.80 for $2.4 million in proceeds.  No oversubscription that I can see.  No new news that I can see.  No press release from the company.  Nothing on the company web site or sedar. Teuton is off in early trading today

[alpha74]

I totally agree with you. This pp was announced 5 weeks ago. As I wrote some minutes ago, Eric Sprott has taken at least 2/3 of it... I bought some more TUO today...