Venture Exchange accepted for filing documentation with respect to the private placement.
TEUTON RESOURCES CORP.
202-2187 Oak Bay Avenue Victoria, BC V8R 1G1 Phone: (604) 682-3680 Fax: 682-3992 Toll Free: 1-800-879-2333 Website: www.teuton.com
NEWS RELEASE--- PRIVATE PLACEMENT COMPLETED
April 23, 2015, Vancouver, BC: Teuton Resources Corp. (“Teuton”) (“TUO”-TSX-V) ("TFE"- Frankfurt) (“TEUTF”—OTCBB) is pleased to report that the private placement, as announced Feb. 26, 2015 and amended on March 13, 2015, has been completed. On April 17, 2014, the TSX Venture Exchange accepted for filing documentation with respect to the private placement.
All securities issued pursuant to the private placement are subject to a hold period expiring on August 23, 2015. Proceeds of the private placement will be spent as detailed in the Company news release dated April 14, 2015.
Appeal Decision to be Handed Down
The British Columbia Court of Appeal has advised the Company that on April 27, 2015 it will hand down its decision with regard to the appeal hearing heard earlier in the year concerning the litigation with American Creek Resources over the Treaty Creek property.
Respectfully:
“Dino Cremonese, P.Eng.”
President, Teuton Resources Corp.
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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. Teuton Resources Corp. does 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.