• Mr. Richard Penn

BLACK TUSK RESOURCES CLOSES $550,000 PRIVATE PLACEMENT

Mr. Richard Penn reports


BLACK TUSK RESOURCES INC. CLOSES FLOW THROUGH PRIVATE PLACEMENT


Black Tusk Resources Inc. has closed its flow-through private placement issuing an additional 6,875,000 units (as defined below) at a price of eight cents per unit for total proceeds of $550,000.


Each unit consists of one flow-through common share and one share purchase warrant. Each warrant will entitle the holder to purchase an additional share at a price of 10 cents per share for a three-year term.


The company paid finders' fees of 550,000 warrants.


The company settled outstanding indebtedness of $186,375 in exchange for common shares of the company at a price of seven cents per common share.


About Black Tusk Resources Inc.


Black Tusk Resources is a gold-focused Canadian exploration company with operations primarily based in the world-class Abitibi greenstone belt region of Quebec. Black Tusk currently holds 100-per-cent ownership in six separate gold and platinum-palladium properties in Canada.


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