• Mr. Richard Penn

BLACK TUSK CLOSES $287,740 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 $287,740.05, issuing a total of 9,590,335 units at a price of three 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 six cents per share for a three-year term.


In addition, the company paid commissions of $25,771 in cash, issued 596,183 warrants and issued 262,850 common shares in connection with the offering.


The company has issued 3,832,960 common shares at a deemed price of five cents per share to extinguish outstanding indebtedness of $129,173.


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 flow-through qualifying mineral exploration expenditures.


We seek Safe Harbor.

41 views0 comments

Recent Posts

See All

Mr. Richard Penn reports BLACK TUSK ANNOUNCES PROPOSED FINANCINGS AND DEBT SETTLEMENT Black Tusk Resources Inc. has arranged two proposed private placements and a proposed debt settlement. The flow th

Mr. Richard Penn reports BLACK TUSK TO COMPLETE SHARE CONSOLIDATION Black Tusk Resources Inc. plans to consolidate its issued and outstanding common shares at a ratio of one postconsolidation share fo

Mr. Richard Penn reports BLACK TUSK RESOURCES INC. RECEIVES PERMIT TO DRILL VMS TARGETS ON THE MOGOLD AND PG HIGHWAY PROJECTS, QUEBEC Black Tusk Resources Inc. has received the necessary permits to dr