| Teuton Resources Corp.: Consolidation of Shares Receives TSX-V Approval | |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 23, 2015) - Teuton Resources Corp. ("Teuton") (TSX VENTURE:TUO)(TFE.F)(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: |
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Teuton Resources
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EXPLORATEUR |
CODE : TUO.V |
ISIN : CA88162H1010 |
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Teuton est une société d’exploration minière d'or et de cuivre basée au Canada. Teuton détient divers projets d'exploration au Canada et au Mexique. Ses principaux projets en exploration sont DEL NORTE, CLONE GOLD, TREATY CREEK et CLONE au Canada et DIANA et EL REAL au Mexique. Teuton est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 44,0 millions CA$ (32,1 millions US$, 30,0 millions €). La valeur de son action a atteint son plus bas niveau récent le 20 février 2015 à 0,02 CA$, et son plus haut niveau récent le 07 août 2020 à 4,85 CA$. Teuton possède 30 110 000 actions en circulation. |