September 27, 2018 / TheNewswire / Vancouver, British Columbia.  Black Tusk Resources Inc. (the “Company”) (CSE: TUSK) is pleased to announce that it has closed tranche 1 of its previously announced private placement (see press release dated July 4, 2018) issuing a total of 2,514,500 units (each a “Unit”) at a price of $0.20 per Unit for total proceeds of $502,900. Each Unit consists of one common share (a “Share”) and one half of one share purchase warrant (each whole warrant a “Warrant”).  Each Warrant will entitle the holder to purchase an additional share at a price of $0.30 per share for a two-year term.

 

In connection with the issuance, the Company paid a finder’s fee of $4,900 to PI Financial Corp. and issued 24,500 broker’s warrants to PI Financial Corp. and 8,000 broker’s warrants to Leede Jones Gable Inc.  The broker’s warrants have the same terms as the Warrants.

 

About Black Tusk Resources Inc.

 

Black Tusk is engaged in the acquisition and exploration of its mineral property located in British Columbia, Canada.

Pursuant to the Goldsmith Option Agreement, the Company currently has an option to acquire a one hundred percent

(100%) undivided interest in the Goldsmith Property is situated in the Kootenays, approximately 65 kilometres north of the City of Kaslo, British Columbia.

 

On behalf of the Board of Directors

 

Richard Penn,  

CEO

(778) 384-8923