Stock Option Plan—Correction/Stock Option Grant
TEUTON RESOURCES CORP.
2130 Crescent Road Victoria, BC V8S 2H3 778-430-5680 Website: www.teuton.com
Stock Option Plan—Correction/Stock Option Grant
July 2, 2019: Teuton Resources Corp. (“Teuton” or “the Company”) (“TUO”-TSX-V) ("TUC"- Frankfurt) announces that an earlier release put out on July 2, 2019 was in error. There is no new stock option plan since the Company already, in 2018, issued a 2018 Fixed Stock Option Plan which reserves for issuance a total of 3,911,688 common shares (ten percent of the Company's current 39,116,881 issued share capital).
At the Annual General Meeting held on June 26, 2019, Alexandra Cremonese, Dino Cremonese, Dr. Bill Pfaffenberger and Robert Smiley were elected to the Board of Directors. Dino Cremonese was subsequently appointed as CEO and President and Dr. Bill Pfaffenberger was appointed Chief Financial Officer.
Dr. Bill Pfaffenberger has been granted 500,000 options, exercisable at a price of $0.18 a share, valid until July 2, 2024. The grant of the options is subject to regulatory acceptance as mandated by TSX-V policy. After giving effect to Dr. Pfaffenberger’s new options, there are 611,688 options available for granting under the 2018 Stock Option Plan.
“Dino Cremonese, P.Eng.”
President, Teuton Resources Corp.
For more information contact Investor Relations at 778-430-5680 or [email protected]. If you would like to be added to Teuton’s news distribution list, please send your email address to [email protected]
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.