Teuton Resources Corp. agreed to Spin-Off Mineral property assets in the Golden Triangle region of northwestern British on April 24, 2023. Under the Arrangement, Teuton will transfer the defined assets to a wholly-owned subsidiary, and Shares in newly formed Company will then be distributed to Teuton’s shareholders pro rata their interest in Teuton under a formula yet to be determined.

Upon completion of the Arrangement, Teuton’s shareholders will own shares in two public companies. Transaction is subject to Teuton shareholders approval and British Columbia court.