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Gold/Mining/Energy : Teuton Resources
TUO 0.16-3.0%3:27 PM ESTNews

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From: Clark Kent10/9/2013 11:33:58 AM
   of 207
 
More dilution? This should help keep the price in the low teens for the near term.

Teuton Resources arranges $400,000 placement

2013-10-09 11:16 ET - News Release



Mr. Dino Cremonese reports

NEWS RELEASE--- PRIVATE PLACEMENT

Teuton Resources Corp. has agreed to complete a private placement to raise proceeds of up to $400,000. It has been agreed that the offering will comprise up to four million units at 10 cents per unit. Each unit will consist of one common share of the company plus one warrant entitling the subscriber to purchase a common share at 12.5 cents for a two-year period.

Proceeds of the offering will be expended on general corporate purposes and exploration. The private placement is subject to approval from the regulatory authorities.

We seek Safe Harbor.

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