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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 > Were option terms probably altered when dec consolidated
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Post by highper on Aug 09, 2023 5:50pm

Were option terms probably altered when dec consolidated

Decade has the right to earn up to a 55% interest in the property under the following terms:

  • Payment of $400,000 over 4 years with an initial payment of $20,000.
  • Issuing 800,000 shares of Decade on signing.
  • Issuing $180,000 of Decade stock over a 4 year period.
  • Expenditures of $4,000,000 over 5 years.
 
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