2013 has been completed. It was oversubscribed and now stands at 2,625,000 units at $0.10 a unit, raising $262,500.
TEUTON RESOURCES CORP.
202-2187 Oak Bay Avenue Victoria, BC V8R 1G1 Phone: (604) 682-3680 Fax: 682-3992 Toll Free: 1-800-879-2333 Website: www.teuton.com
NEWS RELEASE--- PRIVATE PLACEMENT OVERSUBSCRIBED
May 24, 2013, Vancouver, BC:Teuton Resources Corp. (“Teuton”) (“TUO”-TSX-V) ("TFE"-Frankfurt) (“TEUTF”—OTCBB) reports that the private placement announced April 11, 2013 has been completed. It was oversubscribed and now stands at 2,625,000 units at $0.10 a unit, raising $262,500.
Proceeds of the offering will be expended on general corporate purposes and litigation. The private placement is subject to approval from the regulatory authorities.
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.