Teuton Resources Corp V.TUO

wow goldplay dumped its interest in scottie

[highper]

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

[highper]

teuton goldstorm optimum or yamana should have bought that 3.75% interest in scotties properties.. someone was asleep at the switch if i understood the nature of the deal correctly...