Litigation Update
April 15 2014 - 7:00AM
Marketwired
Litigation Update
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 15, 2014) -
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.
Teuton Resources Corp.Dino Cremonese, P.Eng.President(604)
682-3680Toll Free: 1-800-879-2333www.teuton.com
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