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Teuton Resources Corp V.TUO

Alternate Symbol(s):  TEUTF

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

Bullboard Posts
Comment by stockzorgon Jul 06, 2020 12:02pm
111 Views
Post# 31228970

RE:Got them cheap!

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.

© 2020 Canjex Publishing Ltd. All rights reserved.




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.



Bullboard Posts