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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 in the business of acquiring, exploring and dealing in mineral properties in the province of British Columbia, Canada. It owns interests in more than thirty properties in the prolific Golden Triangle area of northwest British Columbia. The Company’s 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. The Lord Nelson claims lie immediately north of Teuton’s Del Norte property.


TSXV:TUO - Post by User

Teuton Resources Corp
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(46)
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Comment by Olympia2on Nov 16, 2019 2:41pm
99 Views
Post# 30360610

RE:A 20,000 meter program costs alot of money

RE:A 20,000 meter program costs alot of money
highper wrote: Tudor raised about $10 million and drilled about 10,000 meters this year. So tudor will be entirely on the hook for what $20 million to complete next years exploration program. 40 million share dilution with another 40 million matching warrants would dilute tudor considerbly... To give i/3 of the company away for $20 million is preposterous...


according to their last financials for the year ending June 30, 2019, they released a total number of 21,797,626 warrants expiring in 2020. This number does not include the last pp with Sprott participating for 6,666,666 shares, warrants also expiring in 2020 for 55 cents. In total, that's an amount of $ 13,780,916 they will receive next year for an average price of 48 cents. 

Read more at https://stockhouse.com/companies/bullboard/v.tuo/teuton-resources-corp?postid=30300406#pYsQj5e9zC7FBrbe.99
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