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File: ppmay2015.docx
TEUTON RESOURCES CORP.
2130 Crescent Road
Victoria, BC V8S 2H3
Phone: (604) 682-3680 Fax: 682-3992
Toll Free: 1-800-879-2333
Website: www.teuton.com
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
NEWS RELEASE--- PRIVATE PLACEMENT
May 29, 2015, Vancouver, BC: Teuton Resources Corp. ("Teuton") ("TUO"-TSX-V) ("TFE"-Frankfurt) ("TEUTF"-OTCBB) has a
--->greed to complete a private placement to raise proceeds of up to $240,000.
The private placement will be entered into comprising an offering of 4,000,000 units (each a "Unit) at a price of $0.0
--->6 per Unit, (the "Offering"). Each Unit will consist of one common share of Teuton and one common share-purchase warra
--->nt; each warrant will entitle the holder to purchase one additional common share of Teuton at a price of $0.07 for a p
--->eriod of three years after the closing of the Offering.
A finder's fee, up to the maximum allowable under TSX Venture policy, may be payable in regard to the Offering. Insi
--->ders of the Company may be taking part in the Offering. All securities issued by the Offering will be subject to a ho
--->ld period of four months plus one day.
Net Proceeds from the Offering will be used to fund amounts associated with the Treaty Creek litigation, exploration o
--->f the Company's mineral properties in the Stewart area of northwestern British Columbia, accounts payable and general
--->corporate purposes. The first moneys raised will go towards paying what is owed to American Creek Resources in regar
--->d to an award of costs made against the Company in regard to the Treaty Creek litigation.
The private placement is subject to the approval of the TSX Venture Exchange.
Respectfully:
"Dino Cremonese, P.Eng."
President,
Teuton Resources Corp.
If you would like to be added to Teuton's news distribution list, please send your email address to dino@teuton.com.
This news release includes certain forward-looking statements concerning the future performance of our business, its o
--->perations and its financial performance and condition, as well as management's objectives, strategies, beliefs and int
--->entions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "antic
--->ipate", "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 explorat
--->ion and development, fluctuating commodity prices, competitive risks and the availability of financing, as described i
--->n more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materia
--->lly from those projected in the forward looking-statements and we caution against placing undue reliance thereon. Teut
--->on 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.
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