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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

Post by bigboy999on Jun 04, 2021 4:23pm
213 Views
Post# 33331807

Related Party Transactions

Related Party TransactionsFrom the Sedar first quarter financial statements:

Teuton
For the three months ended March 31, 2021, the Company incurred salary of $45,000 (2020 - $36,000), office, rent, and telephone expenses of $1,200 (2020 – $1,800), and engineering fees that were capitalized to exploration and evaluation assets of $6,800 (2020 - $nil) to the President of the Company. During the three months ended March 31, 2021, the Company incurred share-based compensation of $206,686 (2020 - $12,635) to directors of the Company.

American Creek
For the period ended March 31, 2021, the total remuneration of key management personnel was $275,500 (2020 - $100,500) of management fees and $1,371,207 (2020 - $Nil) of stock-based compensation
I didn't bother to see what AMK is charging to manage Stinger but I doubt it's free and it likely shouldn't be. I didn't include TUDin this comparison either as I didn't find their last quarter financials.

I'm not making any judgements on the above as there are no doubt details that aren't apparent in the figures. I will say this though, based on the above I think we are getting a sweetheart deal from Dino and I want to personally thank him for his years of dedication to the TC project. I think he staked it way back in 1984 or so (don't quote me on that). Not to mention the littany of assets (cash, royalties, properties, joint ventures, etc) outside of TC that he has accumulated on our behalf. 

GLTA  . . . . . . BB

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