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  • Mr. Richard Penn

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.

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