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 > wow goldplay dumped its interest in scottie

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Post by highperon Nov 15, 2022 9:26am

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Post# 35099404

wow goldplay dumped its interest in scottie

Pursuant to the initial option agreement, Goldplay acquired a 3.75% interest in the Properties by incurring $1,580,000 in flow through exploration expenses. Subsequent to acquiring the interest in the Properties, Goldplay made the strategic decision to focus the Company's exploration efforts in the near future on its properties located in Portugal, which are seen by the Company as having a higher potential. In order to make cash available for exploration activities in Portugal and other general and administrative expenses, the Company has exercised the put option and sold back the 3.75% interest in the Properties to Scottie for a total of $900,000 that was paid in cash by Scottie to Goldplay.

https://money.tmx.com/en/quote/AUC/news/7311356765389005/Goldplay_Exercises_Put_Option_to_Sell_Interest_Earned_in_BC_Golden_Triangle_Properties

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