RE:Got them cheap!flashcash wrote:
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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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, AMK and TUD both up. Did traders shave $20 million off of Teuton's market cap on this Stockhouse posting?? If so, could be an opportunity to get in at a lower price today before everyone realizes they misunderstood the data.