BLACK TUSK SETTLES DEBT OF $72,500
Mr. Richard Penn reports
BLACK TUSK SETTLES OUTSTANDING DEBT
Black Tusk Resources Inc. has settled outstanding indebtedness of $72,500.
The company settled outstanding indebtedness of $72,500 in exchange for an aggregate of 1.45 million common shares of the company at a price of five cents per common share. This debt settlement included outstanding indebtedness of $10,500 owing to a director, Kwaku Ashong.
The securities issued will be subject to a four-month-and-one-day hold from the date of issuance.
We seek Safe Harbor.