BLACK TUSK RESOURCES CLOSES $274,000 PRIVATE PLACEMENT
Mr. Richard Penn reports
BLACK TUSK CLOSES PRIVATE PLACEMENT
Black Tusk Resources Inc. has closed a private placement for gross proceeds of $274,000, issuing a total of 10.96 million units at a price of 2.5 cents per unit.
Each unit consists of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of five cents per share for a two-year term.
In addition, the company paid $11,360 in cash commissions and issued 454,400 warrants to brokers.
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.