• Mr. Richard Penn

BLACK TUSK CLOSES $1.01-MILLION PRIVATE PLACEMENT

Mr. Richard Penn reports


BLACK TUSK CLOSES $1,015,000 FLOW THROUGH PRIVATE PLACEMENT


Black Tusk Resources Inc. has closed a flow-through private placement for gross proceeds of $1,015,000, issuing a total of 3,125,000 flow-through common shares at a price of eight cents per share and 9,562,500 units (as defined herein) at a price of eight cents per unit.


Each unit consists of one flow-through common share and one-half of one share purchase warrant. Each warrant will entitle the holder to purchase a non-flow-through share at a price of 10 cents per share for a two-year term.


The company paid finders' fees to Roche Securities Ltd., Leede Jones Gable Inc. and EMD Financial Inc., consisting of: $68,704; 179,400 common shares; and 679,400 warrants.

The securities issued will be subject to a four-month-and-one-day hold from the date of issuance.


The proceeds from the offering will be for mineral exploration activities in Quebec.


We seek Safe Harbor.

50 views0 comments

Recent Posts

See All

BLACK TUSK CORRECTS CEO SHAREHOLDING TO 505,075 SHARES

Mr. Richard Penn reports BLACK TUSK CORRECTS SHAREHOLDINGS IN INFORMATION CIRCULAR Black Tusk Resources Inc. has provided this news release to correct information provided in the information circular

BLACK TUSK COMPLETES DRILLING PROGRAM AT LORRAIN

Mr. Richard Penn reports BLACK TUSK COMPLETES DIAMOND DRILLING ON LORRAIN PROPERTY, QUEBEC & ANNOUNCES CORPORATE CHANGES Black Tusk Resources Inc. has completed diamond drilling on its Lorrain propert

BLACK TUSK DRILLS 1 M OF 1.185 G/T AU AT MCKENZIE EAST

Mr. Richard Penn reports BLACK TUSK RESOURCES INC. COMPLETES DIAMOND DRILLING ON THE MCKENZIE EAST GOLD PROJECT, VAL-D'OR, QUEBEC Black Tusk Resources Inc. has released the results from the first four