Private Placement Completed—Sprott takes 2.5 million shares
TEUTON RESOURCES CORP.
2130 Crescent Road
Victoria, BC V8S 2H3
Phone: (778) 430-5680
Website: www.teuton.com
NEWS RELEASE
Private Placement Completed—Sprott takes 2.5 million shares
July 25, 2019 -- Vancouver, BC: Teuton Resources Corp. (“Teuton” or “the Company”) (“TUO”-TSX-V)
("TUC"- Frankfurt) announces that it has completed a non-brokered private placement of 3,500,000 units at a
price of $0.225 per unit for gross proceeds of $787,500. Each unit consists of one common share and one warrant
exercisable into a common share at a price of $0.30 for a period of two years from closing.
Of the 3.5 million units, Eric Sprott’s private company, 2176423 Ontario Ltd., took down 2,500,000 units at a
cost of $562,500. There are no finder’s fees associated with the transaction. The proceeds of the financing will
be used to advance the Company’s many properties in the Golden Triangle Region of northwestern British
Columbia with a portion of the funds directed to general working capital. The private placement was approved
by the TSX-V on July 19, 2019.
Dino Cremonese, P. Eng, president of Teuton, commented as follows: “I welcome Mr. Sprott’s strategic
investment in the Company. His interest in Teuton derives from his appreciation of the potential of the Treaty
Creek property wherein the final hole of the 2018 drilling program returned an intersection grading 0.98 g/t gold
over 564m. Tudor Gold, the operator of the Treaty Creek property and 60% owner, has already received $5.5
million from Mr Sprott. Teuton was the original owner of Treaty Creek, assembling the property 34 years ago;
it now holds a 20% carried interest (carried until a production decision is made) as well as a 0.98% Net Smelter
Royalty (no buyback) in the core of the property.
“But Teuton also holds many other interests in the Golden Triangle, including over 30 properties, many of which
are under option to third companies. In the Sulphurets Hydrothermal System, which encompasses the Treaty
Creek property as well as the KSM property of Seabridge Gold and the Brucejack-Snowfield property of Pretium
Resources, Teuton holds various royalty interests in 10 distinct areas (interested readers can refer to our website
for details). Of the Golden Tri angle region, Mr.Sprott is on record as saying: ‘You’re just elephant hunting in
the Golden Triangle…. it’s a wonderful area to make major discoveries’ – a fine endorsement from one of the
world’s premier gold investors.”
Mr. Sprott also signed a voting a greement with Teuton promising to vote with management in the event of a
hostile takeover bid, and to vote with management if it agrees to accept a takeover bid. Several of the other
shareholders participating in the private placement have also signed similar agreements.
Eric Sprott, through 2176423 Ontario Ltd., a corporation which is beneficially owned by him, acquired 2,500,000
units pursuant to the private placement. Prior to the private placement, Mr. Sprott did not beneficially own or
control any securities of the Company. As a result of the private placement, Mr. Sprott is the beneficial owner of
2,500,000 common shares and 2,500,000 warrants representing approximately 5.8% of the issued and outstanding
common shares of the Company on a non-diluted basis and 11.0% on a partially diluted basis.
The units were acquired by Mr. Sprott, through 2176423 Ontario Ltd. for investment purposes. Mr. Sprott has a
long-term view of the investment and may acquire additional securities of the Company including on the open
market or through private acquisitions or sell securities of the Company including on the open market or through
private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant
factors. A copy of 2176423 Ontario Ltd.’s early warning report will appear on the Company's profile on SEDAR
and may also be obtained by calling (416) 362-7172 (200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower,
Toronto, Ontario M5J 2J1)
About Teuton
Teuton owns interests in more than thirty properties in the prolific “Golden Triangle” area of northwestern
British Columbia and was one of the first companies to adopt what has since become known as the “prospect
generator” model. Of these, properties under option to third parties have generated cash proceeds of a little
under $2.4 million since 2015, not including the value of shares received from the optioning companies. It
presently holds 2.2 million shares of Tudor Gold, the Operator of the Treaty Creek project.
Shareholders and other interested parties can access information about Teuton at the Company’s website,
www.teuton.com.
Respectfully:
“Dino Cremonese, P.Eng.”
President, Teuton Resources Corp.
For more information contact Investor Relations at 778-430-5680 or [email protected]
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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 fi nancing, 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. T euton 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.