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 > Is selling the Treaty Creek interest and option for TUO?

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Comment by rockport1on Apr 27, 2024 12:37pm

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Post# 36011012

RE:RE:Is selling the Treaty Creek interest and option for TUO?

As you say, taxation issues would determine the optimal structure in the end.

highper wrote: Usually the buying party would pay for the spin out. So there would be no problem in regard to a spin out from teuton's perspective.

If there is a cash transaction purchase of treaty creek from teuton itself it should result in taxation issues for teuton. It maybe better that the shareholders get the tax issue and the full value of the purchase price....

that is how i understand the issue... However it is just my opinion.

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