• Mr. Richard Penn

BLACK TUSK CLOSES PRIVATE PLACEMENT, GRANTS OPTIONS

Mr. Richard Penn reports

BLACK TUSK RESOURCES INC. CLOSES PRIVATE PLACEMENT, SETTLES DEBT, ISSUES OPTIONS


Black Tusk Resources Inc. has closed a private placement, completed a debt settlement arrangement and issued stock options.


The company closed a private placement offering, issuing a total of 2,166,667 flow-through common shares at a price of six cents per share for total proceeds of $130,000.02. In connection with the offering, the company issued 346,666 broker warrants exercisable at 10 cents for a period of two years and paid $20,800 cash.


The company settled outstanding indebtedness of $146,895 in exchange for common shares of the company at a price of five cents per common share.


The company also issued 3,033,563 stock options issued with an exercise price of five cents per share for a period of two years, of which 2.6 million of the issued options were issued to directors and officers of the company.

50 views0 comments

Recent Posts

See All

Mr. Richard Penn reports BLACK TUSK RESOURCES INC. GEOLOGY TEAM RECONNAISSANCE IN VAL D'OR, QUEBEC Black Tusk Resources Inc.'s geological and executive team will be conducting ground reconnaissance in

Mr. Richard Penn reports BLACK TUSK CLOSES PRIVATE PLACEMENT Black Tusk Resources Inc. has closed a private placement for gross proceeds of $274,000, issuing a total of 10.96 million units at a price

Mr. Richard Penn reports BLACK TUSK RESOURCES INC. TO COMPLETE DEEP-PENETRATING PULSE E-M SURVEY AT MOGOLD PROJECT, VAL-D'OR, QUEBEC Black Tusk Resources Inc. has contracted Geophysique TMC to complet