Teuton Named in $135 Million Lawsuit
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/13/12 -- Teuton
Resources Corp. ("Teuton") (TSX
VENTURE:TUO)(FRANKFURT:TFE)(OTCBB:TEUTF) announces that it has become
aware that it is named as a Defendant in the Amended Amended
Statement of Claim filed November 27, 2012 in Court of Queen's Bench
of Alberta in Court File Number 1201-07918, Calgary Judicial Centre
("the lawsuit") in which American Creek Resources Ltd. ("AMK"), Allan
G. Burton, Darren R. Blaney, Robert N. Edwards and Kelvin J. Burton
are Plaintiffs and Teuton, Dino Cremonese, Amanda Mullin, Gary
Assaly, Deborah Shilling and John Does 1-64 are Defendants.
The lawsuit alleges among other matters the posting of defamatory
comments by the Defendants on the "Bullboards" maintained by
Stockhouse Publishing Ltd. The lawsuit also alleges that Teuton and
the named Defendants "conspired and acted in concert with one
another, and others to defame the Plaintiffs and intentionally
interfere with their economic relations".
Damages of more than $135,000,000 are sought against Teuton as
As against Teuton AMK seeks general damages of $50,000,000; punitive
damages of $5,000,000; unspecified special damages; and costs.
As against Teuton, on a joint and several basis with the named
Defendants, each of the four personal Plaintiffs seeks general
damages of $10,000,000; aggravated damages of $5,000,000; punitive
damages of $5,000,000; unspecified special damages and costs.
Teuton is of the view that the lawsuit is without merit and will
vigorously defend itself.
Dino Cremonese, P.Eng., President, Teuton Resources Corp.
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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 e
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.
(604) 682-3680 or Toll Free: 1-800-879-2333
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