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Bullboard - Stock Discussion Forum 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... see more

TSXV:TUO - Post Discussion

Teuton Resources Corp > just a thought on the goldstorm metals spinout
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Post by highper on Aug 15, 2022 2:14pm

just a thought on the goldstorm metals spinout

  • Goldstorm will acquire the Crown Property in consideration for Goldstorm issuing 49,399,999 Goldstorm Shares to Tudor Gold.
In the event that tudor is taken over, I suspect the 49,399,999 million shares of gold storm metals it holds will not be part of the deal. I suspect they will be distributed to the tudor shareholders.

In my estimation, one of the main reasons for the spinout of goldstorm metals was meant to ensure that tudor's other property assets would not be taken out for virtually pennies on the dollar or 0 cents on the dollar. If I am correct,  a tudor buyout could allow teuton to pick up one goldstorm metals share for just over every  4 tudor shares it holds...

Of course, any further tudor share dilution would  reduce the number of goldstorm metals shares it would receive... 

https://www.newsfilecorp.com/release/112404/Tudor-Gold-Announces-Filing-of-Goldstorm-SpinOff-Material-and-Entering-into-of-Amended-and-Restated-Arrangement-Agreement
Comment by highper on Aug 17, 2022 9:57am
I've been told that I misunderstood the nature of the Goldstorm Metals share distribution. I would like to correct this misunderstanding. Tudor will receive 49,399,999 shares or thereabouts for its interest in the crown properties...I was then told they would distribute those shares to those shareholders of tudor, as of the designated distribution date... Mea culpa.  
Comment by NOMOREROLLBACKS on Aug 17, 2022 7:29pm
totally confused now!!! Who EXACTLY gets what and when!!!! We now have Tudor and goldstorm metals pp's, Warrants, options,. 258 and. 251 spinouts, etc..... clear plain English is needed...... How many shares will Gs metals have out? 150 million????? 50 million????
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