Black Tusk Resources Inc. Issues Options

Rhea-AI Summary

Black Tusk Resources Inc. (CSE:TUSK, OTC PINK:BTKRD) announced the issuance of 1,950,000 stock options, priced at $0.07 per share. Of these options, 1,250,000 were allocated to the Company’s directors and officers. This move is part of the Company’s strategy to incentivize leadership and align their interests with shareholder value. Black Tusk emphasizes that forward-looking statements regarding exploration expenditures are subject to various risks and should not be solely relied upon.

Positive

• Issuance of 1,950,000 stock options at $0.07 per share aligning directors' interests with shareholders.

Negative

• Forward-looking statements indicate potential regulatory delays and uncertainties affecting business plans.

VANCOUVER, BC / ACCESSWIRE / November 25, 2022 / Black Tusk Resources Inc. (the "Company") (CSE:TUSK)(Frankfurt:0NB)(OTC PINK:BTKRD) announces that it has issued 1,950,000 stock options with an exercise price of $0.07 per share, of which 1,250,000 of the issued options were issued to directors and officers of the Company.

On behalf of the Board of Directors
Richard Penn
CEO
(778) 384-8923

Cautionary Statement

Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law including statements relating exploration program expenditures. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE, inability to effectively plan a program, third party land claims or failure to obtain permits. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the business plans for the Company as described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which are available at www.sedar.com.

SOURCE: Black Tusk Resources Inc

View source version on accesswire.com:
https://www.accesswire.com/728575/Black-Tusk-Resources-Inc-Issues-Options

FAQ

What is the significance of Black Tusk Resources issuing stock options?

Issuing stock options aims to align the interests of directors and officers with those of shareholders, potentially enhancing company performance.

What is the exercise price for Black Tusk Resources' stock options?

The exercise price for the stock options issued by Black Tusk Resources is $0.07 per share.

How many stock options did Black Tusk Resources issue?

Black Tusk Resources issued a total of 1,950,000 stock options.

What risks are associated with the forward-looking statements in the Black Tusk Resources press release?

The forward-looking statements may involve risks such as delays in regulatory approvals and uncertainties beyond the Company's control.

When was the press release from Black Tusk Resources published?

The press release was published on November 25, 2022.