• Mr. Richard Penn

BLACK TUSK TO ROLL BACK SHARES ONE FOR 10

Mr. Richard Penn reports


BLACK TUSK TO COMPLETE SHARE CONSOLIDATION


Black Tusk Resources Inc. plans to consolidate its issued and outstanding common shares at a ratio of one postconsolidation share for 10 preconsolidated shares. The purpose of the consolidation is to facilitate the company's ability to attract future financings, generate greater investor interest and improve trading liquidity.


The company currently has 205,746,409 common shares issued and outstanding. Upon completion of the consolidation, the company will have 20,574,640 common shares issued and outstanding.


In accordance with the company's articles, the consolidation will not require the approval of the shareholders. The consolidation is subject to the acceptance of the Canadian Securities Exchange.


We seek Safe Harbor.

30 views0 comments

Recent Posts

See All

Mr. Richard Penn reports BLACK TUSK ANNOUNCES PROPOSED FINANCINGS AND DEBT SETTLEMENT Black Tusk Resources Inc. has arranged two proposed private placements and a proposed debt settlement. The flow th

Mr. Richard Penn reports BLACK TUSK RESOURCES INC. RECEIVES PERMIT TO DRILL VMS TARGETS ON THE MOGOLD AND PG HIGHWAY PROJECTS, QUEBEC Black Tusk Resources Inc. has received the necessary permits to dr

Mr. Richard Penn reports BLACK TUSK RESOURCES INC. PERMITTING TO DRILL UP TO 2,500 METRES MOGOLD AND PG HIGHWAY PROJECTS, QUEBEC Black Tusk Resources Inc. is in the process of obtaining permits to dri