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  • Mr. Richard Penn

BLACK TUSK SETTLES DEBT OF $72,500

Mr. Richard Penn reports


BLACK TUSK SETTLES OUTSTANDING DEBT


Black Tusk Resources Inc. has settled outstanding indebtedness of $72,500.


The company settled outstanding indebtedness of $72,500 in exchange for an aggregate of 1.45 million common shares of the company at a price of five cents per common share. This debt settlement included outstanding indebtedness of $10,500 owing to a director, Kwaku Ashong.


The securities issued will be subject to a four-month-and-one-day hold from the date of issuance.


We seek Safe Harbor.

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