Mr. Richard Penn reports
BLACK TUSK CLOSES $200,005 PRIVATE PLACEMENT
Black Tusk Resources Inc. has closed a private placement for gross proceeds of $200,005 issuing a total of 3,077,000 units at a price of 6.5 cents per unit.
Each unit consists of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one share at a price of eight cents per share for a five-year term.
The company paid a commission consisting of $12,000.30 cash and 184,620 warrants.
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.
Comments