BLACK TUSK CLOSES $287,164 FIRST TRANCHE OF FINANCING
Mr. Richard Penn reports
BLACK TUSK RESOURCES INC. CLOSES TRANCHE 1 OF FLOW THROUGH PRIVATE PLACEMENT
Black Tusk Resources Inc. has closed tranche 1 of its previously announced flow-through private placement (see press release dated June 7, 2019) by issuing a total of 1,689,200 units (as defined herein) at a price of 17 cents per unit for total proceeds of $287,164.
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 25 cents per share for a two-year term.
The company will pay a commission of 4 per cent cash as well as issue 4 per cent in common shares and warrants in connection with this offering.