Mr. Richard Penn reports
BLACK TUSK RESOURCES INC. CLOSES FINAL TRANCHE OF FLOW THROUGH PRIVATE PLACEMENT
Black Tusk Resources Inc. has closed its second and final tranche of its flow-through private placement issuing an additional 845,000 units (as defined below) at a price of 5.5 cents per unit for total proceeds of $46,475. Including the previous tranche (see press release dated Dec. 20, 2019), the total number of units sold under this offering was 4,145,000 for total proceeds of $227,975.
Each unit consists of one flow-through 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 10 cents per share for a two-year term.
The company paid finders' fees to EMD Financial Inc. consisting of $2,997.50 cash, 32,700 common shares and 10,900 warrants.
Comments