Consolidation of Shares Receives TSX-V Approval
February 23 2015 - 8:38AM
Teuton Resources Corp. ("Teuton") (TSX-V:TUO)
(Frankfurt:TFE) (OTCBB:TEUTF) announces that effective February 23,
2015 at market open, the Company will consolidate its common shares
on the basis of one (1) new post-consolidation common share for
every five (5) pre-consolidation common shares. The Company's
common shares will begin trading on a post consolidated basis on
the TSX Venture Exchange on February 23, 2015.
As a result of the consolidation, the Company's
currently outstanding 70,044,411 common shares will be reduced to
approximately 14,008,882 common shares. No fractional shares will
be issued. Any fractions of a share will be rounded to the nearest
whole number of common shares. The Company's name and trading
symbol will remain unchanged. The consolidation was approved by the
directors of the Company on February 6, 2015 and accepted by the
TSX Venture Exchange on February 20, 2015.
The Company's new CUSIP number is
88162H200 and the new ISIN number is CA88162H200.
Registered shareholders will be required to
exchange their share certificates representing pre- consolidation
common shares for new share certificates representing
post-consolidation common shares. Registered shareholders will be
sent a transmittal letter, as soon as practicable after the
effective date of the consolidation. The letter of transmittal will
contain instructions on how certificate(s) representing
pre-consolidation shares may be surrendered to the Company's
transfer agent, Computershare Trust Company of Canada. The transfer
agent will forward to each registered shareholder who has provided
the required documents a new share certificate representing the
number of post-consolidation common shares to which the shareholder
is entitled. Until surrendered, each share certificate representing
pre-consolidation common shares of the Company will be deemed for
all purposes to represent the number of whole post-consolidation
common shares to which the holder is entitled as a result of the
consolidation. Copies of the letter of transmittal may
be obtained from the Company at 2130 Crescent Road, Victoria, BC,
V8S 2H3 by mail, or by phoning 1-778-430-5680 or
1-604-682-3680.
It is the opinion of the Board of Directors of
the Company that the consolidation will facilitate any new equity
investment in the Company.
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.com.
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.
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
HUG#1896395
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