• Mr. Richard Penn

BLACK TUSK CLOSES $200,005 PRIVATE PLACEMENT

Mr. Richard Penn reports


BLACK TUSK CLOSES $200,005 PRIVATE PLACEMENT


Black Tusk Resources Inc. has closed a private placement for gross proceeds of $200,005 issuing a total of 3,077,000 units at a price of 6.5 cents per unit.


Each unit consists of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one share at a price of eight cents per share for a five-year term.

The company paid a commission consisting of $12,000.30 cash and 184,620 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 general working capital.


We seek Safe Harbor.

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