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  • Mr. Richard Penn

BLACK TUSK CLOSES $305,000 PRIVATE PLACEMENT

Mr. Richard Penn reports


BLACK TUSK CLOSES PRIVATE PLACEMENT


Black Tusk Resources Inc. has closed a private placement for gross proceeds of $305,000, issuing a total of 15.25 million units at a price of two cents per unit.


Each unit consists of common share and one share purchase warrant. Each warrant will entitle the holder to purchase a common share for a two-year term.


Richard Penn, a director and officer of the company, purchased one million units under the offering.


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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