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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 highperon Apr 20, 2022 5:45pm
212 Views
Post# 34618218

the harry booster rocket's potential is looking good

the harry booster rocket's potential is looking good
Pursuant to the terms of the Option Agreement, the total aggregate consideration payable by the Company to Teuton for an 80% interest in the Harry Property is an aggregate of up to $1,500,000 cash over five years from September 13, 2021 (the "Effective Date"); an aggregate of up to 4,000,000 common shares of Optimum in installments over a five year period from the Effective Date; and incurring expenditures on the Property (or making a cash payment to the Teuton in lieu) of up to $9,000,000 in installments over five years from the Effective Date. Upon the exercise of the Option and Optimum acquiring an 80% interest to the Harry Property, the parties will enter into a joint venture agreement for the operation of the project and Optimum will grant to Teuton a 2% Net Smelter Royalty. All securities issued in connection with the Option Agreement are subject to applicable statutory hold periods for a period of four months from the date of issuance.
 
Following receipt of Exchange approval the Company issued the initial cash payment of $50,000 and issued 200,000 common shares to Teuton

https://stockhouse.com/news/press-releases/2021/11/12/optimum-ventures-announces-closing-of-option-to-acquire-up-to-80-interest-in
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