Teuton to extend 2.26 million warrants by two years
Teuton Resources Corp
Symbol C : TUO
Shares Issued 46,340,161
Close 2012-06-26 C$ 0.295
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Teuton to extend 2.26 million warrants by two years
2012-06-26 18:09 ET – News Release
Mr. Dino Cremonese reports
PROPOSED WARRANT EXTENSION
Teuton Resources Corp. has applied to the TSX Venture Exchange for approval to extend the expiry dates of certain common share purchase warrants issued as part of two separate private placements, which closed in July and September, 2010.
Each warrant expiry shall be extended for an additional two years, as follows:
A total of 1,163,611 warrants shall be amended to expire July 16, 2014.
A total of one million warrants shall be amended to expire Sept. 7, 2014.
All other terms and conditions of the warrants, including the exercise price of 50 cents, remain unchanged. For information pertaining to the warrants, please see the company’s news releases dated June 1, 2010, and July 19, 2010.
The proposed extension remains subject to exchange approval.
Annual general meeting
The company also reports the results from the annual shareholder meeting held on June 25, 2012.
At the meeting, the following directors were re-elected to the company’s board of directors: Dino Cremonese, Michael Ginn and Robert Smiley. The company is pleased to announce the election of Amanda Mullin as a new member. Ms. Mullin has been project geologist for the company for the past three years. Additionally, the company reports that the board has accepted the resignation of Gertrud Cremonese as a director of the company. The company would like to thank Ms. Cremonese for her many years of service to the company.
The company reappointed Manning Elliot LLP, chartered accountants, as the company’s auditor for the financial year ended Dec. 31, 2012.
I hate to say it, but all the Jr miners are screwed for at least a year to a year and a half, I’ve cut my losses on most of them, and they continue to sink. I’m now below water on Newstrike for the first time ever, and really don’t see anything to prop up the price(s) of any of them. See Newstrike go under a dollar will be tough to take, but I’m ready for it. Even a second brechia discovery would only create a temp rise and give reason for nervous nelly’s to sell off…….damn!!!