BLACK TUSK CLOSES $181,500 PRIVATE PLACEMENT
Mr. Richard Penn reports
BLACK TUSK RESOURCES INC. CLOSES FLOW THROUGH PRIVATE PLACEMENT
Black Tusk Resources Inc. has closed a flow-through private placement, issuing a total of 3.3 million units (as defined below) at a price of 5.5 cents per unit for total proceeds of $181,500.
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 an additional share at a price of 10 cents per share for a two-year term.
The company paid finders' fees to Leede Jones Gable Inc. and EMD Financial Inc., consisting of $13,200 cash, 144,000 common shares and 48,000 warrants.