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  • Mr. Richard Penn

BLACK TUSK RESOURCES CLOSES $150,000 PRIVATE PLACEMENT

Mr. Richard Penn reports


BLACK TUSK RESOURCES INC. CLOSES PRIVATE PLACEMENT


Black Tusk Resources Inc. has closed a private placement offering, issuing a total of 2.5 million units at a price of six cents per unit for total proceeds of $150,000. Each unit consists of one common share and one whole share purchase warrant. Each warrant will entitle the holder to purchase an additional share at a price of six cents per share for a two-year term. The shares are subject to a four-month hold period, expiring four months and one day from the date of issuance.


In addition, the company announces that four million share purchase warrants were recently exercised for total proceeds of $240,000.


Proceeds of the offering and the recent warrant exercise will be used for mineral exploration and general working capital purposes.


We seek Safe Harbor.

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