Current Presentations
Monday April 10, 2006
Teuton Announces $240,000 Private Placement
Teuton Resources Corp. (“Teuton”) (“TUO”) is pleased to announce a private placement of up to $240,000. Teuton plans to raise $240,000 by the sale of 600,000 units at $0.40 per unit. Each of the units will consist of one common share and one non-transferable share purchase warrant. One warrant will entitle the holder to purchase one additional common share of Teuton for a period of two years at a price of $0.48 per share.
The proceeds will be used for general corporate purposes.
The private placement is subject to the approval of the TSX Venture Exchange.
D. Cremonese, P.Eng., is the Qualified Person for Teuton Resources Corp. in regard to data presented in this News Release.
ON BEHALF OF THE BOARD
“Dino Cremonese”
D. Cremonese, P.Eng.
President
The foregoing securities have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons absent U.S. registration or an applicable exemption from U.S. registration requirements. This release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation or sale would be unlawful.
This news release includes certain forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and we caution against placing undue reliance thereon. Silver Grail Resource Ltd. And Teuton Resources Corp. do have an ongoing obligation to disclose material information, as it becomes available.
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
Current News
Clone Core Samples Sent in for Assay
Teuton Resources Corp. (“ Teuton ”) (“ TUO ”—TSX-V;“ TFE ”—Frankfurt) and Silver Grail Resources Ltd. (“Silver Grail”) (“SVG”--TSX-V; “KD7”-Frankurt) are pleased to announce that core samples from the first nine of ten holes drilled into their jointly-owned Clone property, located 20km southeast of Stewart, BC, have been sent in for assay. Pioneer Laboratories of Richmond, BC, will be performing the analyses...
read morePrivate Placement
Teuton Resources Corp. (“ Teuton ”) (“ TUO ”—TSX-V;“ TFE ”—Frankfurt) is pleased to announce a private placement of up to $180,000. Teuton plans to raise $180,000 by the sale of 1,200,000 units at $0.15 per unit...
read moreDrilling to Begin on Clone
Teuton Resources Corp. (“ Teuton ”) (“ TUO ”:TSX-V; “ TFE ”-Frankfurt) and Silver Grail Resources Ltd. ("Silver Grail") (“SVG ”—TSX-V; “KD7 ”—Frankfurt) are pleased to announce that drilling is set to begin on their jointly-owned Clone property, located about 20km southeast of Stewart, BC. Drill pads have been constructed and the drill is scheduled to move into the property on Aug. 22...
read more
