Teuton Resources (V.TUO) climbs 11% on divestment

Stockhouse Canadian Small and Micro-cap Stock Report for Tuesday, September 10, 2013 VANCOUVER (SHfn) –

Teuton Resources Corp. (TSX: V.TUO, Stock Forum) climbed 11.1% to 15 cents as investors assessed the news that the mineral exploration company sold its remaining interest in the Tennyson property, located 40 kilometres north of Stewart, BC, to privately held Brigade Holdings Ltd. for $7.0 million, being $500,000 plus $6.5 million in subscription receipt units of Brigade. Following the transaction Teuton holds a 29% interest in Brigade, being the largest of several shareholdings in the company.

Canada Carbon Inc. (TSX: V.CCB, Stock Forum) rose 6.1% to 26 cents after the graphite company said it would showcase the company's recent high grade graphite discovery at the Miller hydrothermal lump/vein graphite property, located 80 kilometres west of Montreal, Quebec, at the Advanced Battery Trade Show at booth #B1713 in Novi, Michigan September 17 through 19, 2013. The Advanced Battery Show is the premier showcase of the latest advanced battery technology.

Tethy’s Petroleum Ltd. (TSX: T.TPL, Stock Forum) gained 3% to 68 cents after the oil and gas company announced that it has received final presidential approvals for the Production Enhancement Contract (PEC) for the Chegara Group of Oilfields in southern Uzbekistan. The PEC will now be registered with the appropriate State bodies in the Republic of Uzbekistan and will be declared effective after which work will begin. This is planned to be within the next two months.

Tinka Resources Ltd. (TSX: V.TK, Stock Forum) was down 10.9% to 49 cents. The stock is reacting to news that the junior miner resumed work at Ayawilca, an area that hosts massive and semi-massive sulphide mineralization in central Peru, in anticipation of resumption of drilling. Crews have been remobilized constructing the first two drill platforms, access roads and containment ponds commencing this week. With the permit to continue exploration at Ayawilca, the company plans to undertake a systematic drill program, stepping out with drill platforms to the south, east and north of the currently drilled area.