Teuton Appoints Robert Gardner, Former Treasurer and Senior VP of TELUS Corporation, to the Board of Directors.
TEUTON RESOURCES CORP .
2130 Crescent Road
Victoria, BC V8S 2H3
Phone: (778) 430-5680
Website: www.teuton.com
NEWS RELEASE
Teuton Appoints Robert Gardner, Former Treasurer and Senior VP of TELUS Corporation, to the Board
of Directors.
August 26, 2020 - Vancouver, Canada –– Teuton Resources Corp. (“Teuton” or “the Company”) (“TUO”-
TSX-V) ("TFE"- Frankfurt) announces that it has appointed Robert Gardner to its Board of Directors, subject
to TSX-V approval.
Mr . Gardner retired in 2015 as Senior Vice President & Treasurer of TELUS Corporation, one of Canada’s
largest telecommunications companies (current market capitalization of $31 Billion), after spending over
14 years with the firm. As an Officer and the Treasurer of TELUS, he was responsible for all treasury related
activities including cash management, capital structure management, and pension investme nts. Mr .
Gardner reported on such activities to the CFO, CEO and the Pension and Audit Committees of the Board
of Directors of TELUS Corporation and gained extensive experience in corporate finance, governance,
investor relations, bank and credit rating agency relations, M&A, tax and venture investment. In addition
to responsibility for the TELUS sponsored pension plans, until his retirement, Mr . Gardner was appointed
as trustee of the Telecommunication Workers Pension Plan in 2003 and subsequently as Boar d member
and Chair of the Audit Committees of Concert Properties Ltd. and Concert Infrastructure Inc.
Mr . Gardner previously held the position of Director Treasury at start -up wireless firm ClearNet
Communications Inc. from 1998 to 2001 at which time the firm was acquired by TELUS Corporation. While
at ClearNet, he was actively involved with capital raising, financial modelling and valuation, investor
relations and cash management. Mr . Gardner also previously held the position of Finance & Investor
Relations at forest products firm Repap Enterprises Inc. from 1989 to 1997.
Mr . Gardner holds a Master of Business Administration (MBA) from the Richard Ivey School of Business at
The University of Western Ontario and a Bachelor of Applied Science (BASc. ), Civil Engineering, from the
University of Waterloo.
Dino Cremonese, P .Eng., President of the Company, commented as follows: “Mr . Gardner’s appointment
to the Board of Directors signals a new stage in Teuton ’s development. His resume is e xceptional and I
could not imagine a more qualified candidate. He will bring his years of experience in financial matters to
the Company and help it transition to a more senior role in the mining industry.”
Concurrent with Mr . Gardner’s appointment, the Company's Board of Directors has adopted a new stock
option plan, called the 20 20-A stock option plan, to replace its old stock option plan. The new plan is a
fixed less than or equal to 10-per-cent plan, in accordance with TSX Venture Exchange policy. It is identical
to the old plan except that the total number of shares which may be is sued according to the plan has
increased due to the increase in the company's shares outstanding. The number of shares which can be
reserved for issuance under the plan is 5,009,188, which is 10 per cent of the 50,091,881 shares currently
outstanding; there are presently 3,965,000 unexercised options which were previously granted. The new
plan is subject to acceptance by the TSX-V. The Board has authorized and approved the granting of stock
options for an aggregate of 500,000 common shares to directors, officers and consultants under its stock
option plan. The stock option grants vest quarterly (first one -quarter of the entire grant vests
immediately), are exercisable at $3.18 per share and have a term of 5 years. The Options are subject to
the approval of the TSX-V.
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. Eight of these properties are currently under option to third parties. Over
$4 million in option cash and share payments 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. None of the NSRs are subject to a buy-back. Teuton also owns eight other royalties in
the Sulphurets Hydrothermal System with interests ranging up to 2.5%, none of which are subject to a
buyback. Interest ed parties can access information about Teuton at the Company’s website,
www.teuton.com.
Respectfully submitted,
"Dino Cremonese, P .Eng."
Dino Cremonese, P . Eng.,
President and Chief Executive Officer
For further information, please visit the Company's website at www.teuton.com or contact:
Barry Holmes
Director Corporate Development and Communications
Tel. 778-430-5680
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements regarding Forward-Looking information
Certain statements contained in this press release constitute forward-looking information. These statements relate
to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will",
"projected", "estimated" and similar expressions and statements relating to matters that are not historical facts
are intended to identify forw ard-looking information and are based on the Company's current belief or
assumptions as to the outcome and timing of such future events. Actual future results may differ materially.
All statements relating to future plans, objectives or expectations of the Company are forward-looking statements
that involve various risks and uncertainties. There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ materially from those anticipated in such stat ements.
Important factors that could cause actual results to differ materially from the Company's plans or expectations
include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of
equipment breakd owns and delays, exploration cost overruns, availability of capital and financing, general
economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals
and other risks detailed herein and from time to time in the filings made by the Company with securities regulators.
The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise except as otherw ise required by applicable
securities legislation.