Mr. Richard Penn reports
BLACK TUSK RESOURCES INC. ENTERS INTO AGREEMENT TO ACQUIRE GOLDEN VALLEY PROJECT IN QUEBEC
Black Tusk Resources Inc. has entered into a property acquisition agreement to purchase the Cluster project located in Val d'Or, Que., from an arm's-length party.
The property consists of 37 claims totalling 1,850 hectares located 170 kilometres northwest of Val d'Or. The property is stated to have been drilled in 1987, 1996 and 2003.
In consideration of the property, the company is required to make a $25,000 cash payment and issue one million common shares at a deemed price of 12.5 cents per share to the vendor. The cash payment and share issuance are due upon signing.
"We are extremely excited to acquire the Golden Valley Project and expand the company's operations into Quebec," said Richard Penn, chief executive officer of the company.