Mr. Richard Penn reports
BLACK TUSK RESOURCES INC. ISSUES OPTIONS AND MARKETING ENGAGEMENTS
Black Tusk Resources Inc. has granted 3,174,000 stock options with a two-year term and an exercise price of 7.5 cents per share, of which 1.25 million of the issued options were issued to directors and officers of the company.
In addition, the company announces that it has also entered a marketing service contract with Outside The Box Capital Inc. (OTCB), a Toronto-based on-line marketing firm, to provide marketing services for a three-month term. In connection with the contract, the company paid $50,000 and has issued 325,000 stock options to OTCB with an exercise price of 7.5 cents with a two-year term. With the exception of the 325,000 options, neither OTCB, nor any of its principals currently owns any interest, directly or indirectly, in the company. OTCB and its principals are arm's-length parties to the company.
The company has also engaged Winning Media LLC to provide digital advertising services to the company. Services to be provided by Winning Media include marketing (daily display ads and landing pages) and data analytic services for a three-month term. Winning Media will be paid $75,000 (U.S.), payable in advance of the initiation of services. Neither Winning Media, nor any of its principals currently owns any interest, directly or indirectly, in the company. Winning Media and its principals are arm's-length parties to the company. Winning Media, based in Houston, Tex., is a marketing agency that specializes in digital and corporate brand marketing services to enhance corporate visibility and retail investor awareness. The services provided by Winning Media will be primarily provided by Ty Hoffer, the principal of Winning Media.
We seek Safe Harbor.
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