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.

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Teuton Resources Corp

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Post by CobraShelbyon Dec 01, 2020 4:44am

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Post# 32007421

News out

TUDOR GOLD Announces Closing of $ 4.9 Million Non-Brokered
Private Placement of Flow-Through Shares

Vancouver, British Columbia – December 1, 2020 - Tudor Gold Corp. (TSXV: TUD) (Frankfurt: TUC) (the "Company" or "Tudor Gold") is pleased to announce that Tudor Gold has completed a non-brokered private placement of 1,448,623 flow-through common shares (the “FT Shares”) at a price of $3.40 per FT Share, for aggregate gross proceeds of approximately $4,925,318.20 (the “Private Placement”).

The proceeds from the sale of the FT Shares will be used to fund exploration on the Company’s Treaty Creek Project.

All securities issued pursuant to the Private Placement is subject to a statutory four-month hold period. The Private Placement is subject to receipt of final approval of the TSX Venture Exchange.

In connection with the Offering, the Company paid certain finders an aggregate total cash finder’s fee of 6% of the gross proceeds of the Offering and issued an aggregate total of 57,945 non-transferrable finder’s warrants BlackBridge Capital Management Corp. and certain other arm’s length registered dealers. Each finder’s warrant entitles the holder to acquire one common share of Tudor Gold for an exercise price of $3.40 per share for a period of 12 months from closing.

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