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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 rockport1on Aug 05, 2020 12:59pm
97 Views
Post# 31367606

RE:RE:RE:RE:Time for a Teuton spinoff...

RE:RE:RE:RE:Time for a Teuton spinoff...

Doug, interesting proposal. Obviously significantly more complex than my simple example (see also my response to bovalena). Is this the idea that was under consideration a few months ago?

It seems to have lots of moving parts and depend on many parties coming to agreement. Not easy to achieve. For example, TUD, AMK & TUO would have to agree to the addtional 2% NSR. It seems a stretch because Treaty is already subject to 3% NSRs: Teuton's 1% and another 2% to a third party.  This would bring the total to 5%.  It would also require Sprott to agree to the proposed arrangement, and require the raising of $40 million in debt. Also not easy.

Personally, I would prefer that the Teuton's Treaty Creek 20% interest is separated from the other properties. This, because I would not want all the other properties to be absorbed into a larger company when a buyout does come. 

Anyway, some form of spin out should be positive.

Bullboard Posts