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  • Mr. Richard Penn

BLACK TUSK CLOSES $260,000 PRIVATE PLACEMENT

Mr. Richard Penn reports


BLACK TUSK CLOSES FLOW-THROUGH PRIVATE PLACEMENT


Black Tusk Resources Inc. has closed a private placement for gross proceeds of $260,000, issuing a total of 6.5 million units at a price of four cents per unit.


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


In addition, the company paid $20,000 in cash commissions and issued 500,000 warrants to brokers.


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 qualifying mineral exploration expenditures.


We seek Safe Harbor.

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