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  • Mr. Richard Penn

BLACK TUSK ARRANGES $750,000 FINANCING

Mr. Richard Penn reports


BLACK TUSK RESOURCES INC. ANNOUNCES $750,000 PRIVATE PLACEMENT

Black Tusk Resources Inc. has arranged a proposed private placement offering of up to 3.75 million units at a price of 20 cents per unit for total proceeds of up to $750,000. Each unit consists of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase an additional share at a price of 30 cents per share for a two-year term.

The proceeds of the offering will be used for mineral exploration and general working capital purposes.


About Black Tusk Resources Inc.

Black Tusk is engaged in the acquisition and exploration of its mineral property located in British Columbia, Canada.


Pursuant to the Goldsmith option agreement, the company currently has an option to acquire a 100-per-cent undivided interest in the Goldsmith property situated approximately is situated in the Kootenays, approximately 65 kilometres north of the city of Kaslo, B.C.

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