August 5, 2025 – TheNewswire - 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 2,000,000 units at $0.80 per unit, consisting of a share and a half warrant entitling the subscriber to purchaser, 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-V on July 25. 2025. subject to satisfactory closing. 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 and for general working capital.
Mr. Eric Sprott, through 2176423 Ontario Ltd., a corporation which is beneficially owned by him, acquired 660,000 units pursuant to the private placement. Dino Cremonese, P.Eng., 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
Teuton owns interests in more than twenty 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.
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 gold-silver-copper deposit. A 0.49% NSR is owned in the peripheral claims. Neither of the NSRs is subject to a buy-back. Teuton also owns many other royalties in claim packages south of Seabridge Gold’s KSM property and Newmont Mining’s Brucejack property. Interested parties can access information about Teuton at the Company’s website, www.teuton.com.
Respectfully:
“Dino Cremonese, P.Eng.”
President, Teuton Resources Corp.
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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 financing, 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. 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.
