Litigation Update
April 15 2014 - 8:00AM
Marketwired Canada
Teuton Resources Corp. ("Teuton", "the Company") (TSX
VENTURE:TUO)(FRANKFURT:TFE)(OTCBB:TEUTF) announces a litigation update in regard
to Supreme Court of British Columbia, Vancouver Registry, Action No. S-107895;
American Creek Resources Ltd. ("AMK") v. Teuton Resources Corp. ("the Action").
The Supreme Court of British Columbia has issued Reasons for Judgment with
respect to the trial of the Action.
The Court held that AMK is entitled to an order that TUO forthwith transfer to
AMK legal title to TUO's mineral claims known as the Treaty Creek Property and
that AMK will henceforth hold an undivided 49% interest in those mineral claims
in trust for the Company.
The Court's decision does not affect title to any of the Company's other properties.
The Court dismissed AMK's claim for punitive damages and granted liberty to the
parties to speak to costs.
The Company intends to appeal the Court's decision.
The Company has posted a link to the full text of the Reasons for Judgment on
the Company's website.
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 gary.teuton@shawlink.ca.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Teuton Resources Corp.
Dino Cremonese, P.Eng.
President
(604) 682-3680
Toll Free: 1-800-879-2333
www.teuton.com
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