Private Placement—Eric Sprott to invest $9 million at $3.00 Per Share
TEUTON RESOURCES CORP.
2130 Crescent Road
Victoria, BC V8S 2H3
Phone: (778) 430-5680
Website: www.teuton.com
NEWS RELEASE
Private Placement—Eric Sprott to invest $9 million at $3.00 Per Share
July 29, 2020 -- Vancouver, BC: Teuton Resources Corp. (“Teuton” or “the Company”) (“TUO”-TSX-V)
("TFE"- Frankfurt) announces that it intends to complete a non -brokered private placement consisting of the
issuance of 3,000,000 shares at a price of $3.00 per share for gross proceeds of $9,000,000. The private placement
is subject to regulatory approval, including but not limited to approval of the TSX Venture Exchange, and all
securities issued pursuant to the private placement will have a hold period of four months and one day.
The pr ivate placement is with Eric Sprott’s numbered company, 2176423 Ontario Ltd ., already a substantial
shareholder of Teuton. Pursuant to an Early Warning Report filed Ju ly 10, 2020, Eric Sprott b eneficially owns
and controls 6,611,000 shares and 3,500,000 share purchase warrants of the Company. After completion of the
private placements Eric Sprott will beneficially own and control 9,611,000 shares and 3,500,000 share purchase
warrants of the Company, representing approximately 19.2% on a non -diluted basis and 24.5% on a partially
diluted basis assuming exercise of all warrants. Mr. Sprott has also agreed to sign a Support Agreement with the
Company in regard to a merger, take -over bid, amalgamation, plan of arrangement, business combination or
similar transaction which may arise over the next two years.
There are no finder’s fees or other commissions associated with the transaction. The proceeds of the financing
will be used to explore the Company’s many properties in the Golden Triangle region of northwestern British
Columbia, to invest in acquiring new resource opportunities within the Golden Triangle, and for general working
capital.
About Teuton
Teuton owns interests in more than thirty properties in the prolific “Golden Triangle” area of northwest British
Columbia and was one of the first companies to adopt what has since become known as the “prospect generator”
model. Seven of these properties are currently under option to third parties. Over $4 million in option cash
payments and shares in optionee companies has been generated from these properties since 2015, including
properties where optionees have already earned their interest.
Teuton was the original staker of the Treaty Creek property assembling the core land position in 1985. It
presently holds a 20% carried interest in Treaty Creek (carried until such time as a production decision is made)
as well as a 0.98% NSR in the claims covering the Goldstorm zone. A 0.49% NSR is owned in the peripheral
claims. Neither of the NSRs is subject to a buy-back.
Teuton also owns many royalties in the Sulphurets Hydrothermal System with interests ranging up to 2.5%.
None of these royalties are subject to a buyback. 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”, “e xpect”, “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 su bject 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 recen t 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.