Well...news out Teuton Invests $500,000 into Decade Resources, Optionee of the Del Norte Property, Golden Triangle, British Columbia
(TheNewswire)
August 10, 2021 - TheNewswire - Vancouver, Canada - Teuton Resources Corp. (“Teuton” or “the Company”) (TSXV:TUO) (OTC:TEUTF) (Frankfurt:TFE) has entered into a private placement with Decade Resources Ltd. (“Decade”), subscribing for 10,000,000 non-flow-through common units at a price of $0.05 per unit. Each unit consists of one non-flow-though common share and one warrant good for two years to purchase another non-flow-though common share at $0.08 per share. Total investment is $500,000. Net proceeds of the private placement will be used to advance exploration of the Del Norte property as well as for general working capital purposes. All securities issued pursuant to the Private Placement are subject to a statutory four-month hold period. No finder's fees were paid in connection with the Private Placement. The Private Placement is subject to approval of the TSX Venture Exchange.