Teuton Resources Corp V.TUO

Tudor's $7 million private placement

[rockport1]

Tudor having to do a private placement at $2.10 per share, is a clear example why I prefer to hold Teuton shares as my long term Treaty Creek holding.  The dilution will continue with Tudor, while Teuton can sit back with minimal dilution.

It is interesting that Tudor is doing this placement without any warrants attached.

[Jumperdidwin]

The TUD 7 million PP closes firstt week of November. Should be interesting to see if they are "over subscribed" at this price.  If there were warrants i might of been interested, but without warrants, i will sit this one out. It says money used for "its ongoing drilling program".... I wonder if they are thinking of adding another rig, but its late in the season for that

[stockzorg]

This closes in November so not likely to be used for drilling this year. Terrible pricing, couldn't even get market price on this? Clearly not a lot of interest which could mean an unplanned cash need that was not socialized well up front. Not a good optic for those who invested at $3/$3.60 FT earlier. A rare mess-up that could result in good buy-in pricing until the next PR comes out. It will

[highper]

I don't know of the drilling arrangement between more core and tudor but one usually gets 30 days to make a payment after recieivng a bill... So theoretically the drilling ould be done this year... It seems like a rush financing...so I'm guessing that tudor expended more of the capital it raised earlier this year on their project to spin out the newco...goldstorm  the vote to spin

[sueron]

I am glad I don't see Dino's name as taking part in this PP? Finally realized its a paper game of possible dilution with TUD? The first time around he should have stayed out bought back TUO shares? Also don't see the money boys Sprott or Storm taking any of it? That's why they are possibly wealthy.. Possibly using other people's money? I must admit I haven't owned any

[Y_J]

I also believe TUO is a better stock to hold than TUD due to the dilution required to fund continuing exploration. However, I still support Dino's participation in the PP earlier this year. I believe it is money well spent especially if KK is still finding resources at around $1/oz. All the drillings so far this year has increased the value of TC and the ultimate price buyers will have to pay.

[Jumperdidwin]

Wow  looks like i was right,  current Private Placement by Tudor is "oversubscribed" due to investor demand and will increase in size, including the participation of Eric Sprott thanks jump

[Fabe]

Humm....very intriguing. TUD and the other amigos have not receive any love from the market including the last undersubscribed pp (yes price was high) yet couple months later its gets oversubscribed with ES back at it! Could it be the wind of very positive outcome coming our way? Bob T, a long friend of ES, said in a recent sprott monthly wrap up that he spoke recently with kk and that he was

[Jumperdidwin]

Anyone know if we are in a "quiet period" during this private placement meaning there will be no news until the private placement is done

[Fabe]

Maybe, maybe not. Tudor announced a 6m$ pp on june 22nd. On july 8th they closed an addl tranche of 3.6m$. On Aug 3rd, they released the following assays: TUDOR GOLD INTERSECTS 130.5 METERS OF 2.389 G/T GOLD EQ. On Aug 30th, part of addl assays being released (TUDOR GOLD INTERSECTS 972.0 METERS OF 1.265 G/T GOLD EQ ) they announced the pp was closed undersubscribed.