BLACK TUSK CLOSES $305,000 PRIVATE PLACEMENT
Mr. Richard Penn reports
BLACK TUSK CLOSES PRIVATE PLACEMENT
Black Tusk Resources Inc. has closed a private placement for gross proceeds of $305,000, issuing a total of 15.25 million units at a price of two cents per unit.
Each unit consists of common share and one share purchase warrant. Each warrant will entitle the holder to purchase a common share for a two-year term.
Richard Penn, a director and officer of the company, purchased one million units under the offering.
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.