02:24:32 EST Sun 09 Nov 2025
Enter Symbol
or Name
USA
CA



Teuton Resources Corp (2)
Symbol TUO
Shares Issued 57,746,881
Close 2025-08-05 C$ 0.93
Market Cap C$ 53,704,599
Recent Sedar Documents

Teuton Resources closes $1.6-million private placement

2025-08-05 19:18 ET - News Release

Mr. Dino Cremonese reports

$1.6 MILLION PRIVATE PLACEMENT COMPLETED --- MR. ERIC SPROTT INVESTS $528,000

Teuton Resources Corp. has completed a non-brokered private placement of two million units at 80 cents per unit, consisting of a share and a one-half warrant, entitling the subscriber to purchase, with a full warrant, another share at a price of $1.20 for two years from closing.

All securities issued pursuant to the private placement are subject to a statutory four-month hold period. The private placement was conditionally approved by the TSX Venture Exchange on July 25. 2025, subject to satisfactory closing.

There are no finders' 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 and for general working capital.

Eric Sprott, through 2176423 Ontario Ltd., a corporation that is beneficially owned by him, acquired 660,000 units pursuant to the private placement. Dino Cremonese, PEng, president of the company, also acquired 100,000 units of the private placement.

Mr. Sprott and Mr. Cremonese are both insiders of the company, and, as such, their participation in connection with the private placement is a related party transaction under the policies of the TSX Venture Exchange and Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to the related party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the shares to be purchased on behalf of Mr. Sprott and Mr. Cremonese, nor the consideration to be paid by them exceeds 25 per cent of the company's market capitalization. The company did not file a material change report in respect of the related party transaction at least 21 days prior to the closing of the private placement, which the company deems reasonable in the circumstances so as to be able to avail itself of the proceeds of the private placement in an expeditious manner.

About Teuton Resources Corp.

Teuton owns interests in more than 20 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.

Teuton was the original staker of the Treaty Creek property assembling the core land position in 1985. It presently holds a 20-per-cent carried interest in Treaty Creek (carried until such time as a production decision is made), as well as a 0.98-per-cent net smelter return (NSR) royalty in the claims covering the Goldstorm gold-silver-copper deposit. A 0.49-per-cent NSR royalty is owned in the peripheral claims. Neither of the NSRs is subject to a buyback. Teuton also owns many other royalties in claim packages south of Seabridge Gold's KSM property and Newmont Mining's Brucejack property.

We seek Safe Harbor.

© 2025 Canjex Publishing Ltd. All rights reserved.