BLACK TUSK ARRANGES $500,000 PRIVATE PLACEMENT
Updated: Jun 6, 2018
Mr. Richard Penn reports BLACK TUSK RESOURCES INC. ANNOUNCES PRIVATE PLACEMENT Black Tusk Resources Inc. has arranged a proposed private placement offering of up to 3,333,333 units at a price of 15 cents per unit for total proceeds of up to $500,000. Each unit consists of one common share and one-half of one share purchase warrant. Each warrant will entitle the holder to purchase an additional share at a price of 20 cents per share for a two-year term. The proceeds of the offering will be used for mineral exploration and general working capital purposes. About Black Tusk Resources Inc. Black Tusk is engaged in the acquisition and exploration of its mineral property located in British Columbia, Canada. Pursuant to the Goldsmith option agreement, the company currently has an option to acquire a 100-per-cent undivided interest in the Goldsmith property, situated in the Kootenays, approximately 65 kilometres north of the city of Kaslo, B.C.