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Teuton Resources Private Placement Oversubscribed, Increased to $1.3 Million

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Teuton Resources Corp. (TUO.V) announced today that the privateplacement announced June 12, 2012 and amended June 28, 2012 hasbeen completed, subject to regulatory approval. Due to strongdemand it was oversubscribed again.

The placement, which was originally increased from $576,000 to$960,000, has now been completed at $1,334,640.

Funds will be used to further exploration of its many propertiesin the Stewart region, to pay for litigation, and for generalcorporate purposes.

TUO went up by nearly 5% to $0.325 on volumes of about4,000.


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Teuton Resources Private Placement Oversubscribed, Increased to $1.3 Million Teuton Resources Private Placement Oversubscribed, Increased to $1.3 Million Reviewed by Crude Oil Facilitators on 02:48 Rating: 5

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