BLACK TUSK TO ROLL BACK SHARES ONE FOR 10
Mr. Richard Penn reports
BLACK TUSK TO COMPLETE SHARE CONSOLIDATION
Black Tusk Resources Inc. plans to consolidate its issued and outstanding common shares at a ratio of one postconsolidation share for 10 preconsolidated shares. The purpose of the consolidation is to facilitate the company's ability to attract future financings, generate greater investor interest and improve trading liquidity.
The company currently has 205,746,409 common shares issued and outstanding. Upon completion of the consolidation, the company will have 20,574,640 common shares issued and outstanding.
In accordance with the company's articles, the consolidation will not require the approval of the shareholders. The consolidation is subject to the acceptance of the Canadian Securities Exchange.
We seek Safe Harbor.