Black Tusk Closes Second Tranche of Private Placement
Black Tusk Resources Inc. has closed a second tranche of its private placements, raising a total of $337,911.92. This includes 4,273,532 flow-through units for $260,411.92 and 1,550,000 non-flow-through units for $77,500. The flow-through units come with warrants to purchase shares at $0.10 and non-flow-through units at $0.075, both for two years. The funds will support mineral exploration and general working capital. Securities issued are subject to a four-month hold.
- Total raised in second tranche amounts to $337,911.92.
- Funding will support mineral exploration activities.
- None.
VANCOUVER, BC / ACCESSWIRE / December 29, 2022 / Black Tusk Resources Inc. (the "Company") (CSE:TUSK)(Frankfurt:0NB)(OTC PINK:BTKRF) is pleased to announce that it has closed a second tranche of its previously announced private placements. See press releases dated November 15, 2022 and December 5, 2022.
The Company issued 4,273,532 flow-through units ("FT Units") in the closing of this second tranche for gross proceeds of
The Company also issued 1,550,000 non-flow-through units ("NFT Units") for gross proceeds of
In connection with these offerings, the Company has paid finder's fees of up to
The securities issued will be subject to a four month and one day hold from the date of issuance.
The proceeds from the offering will be for flow-through qualifying mineral exploration expenditures and general working capital.
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.
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FAQ
What amount did Black Tusk close in the second tranche of private placements?
What types of units were issued in the private placement by Black Tusk?
What is the price for the warrants associated with the flow-through and non-flow-through units?
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Is there a hold period for the securities issued by Black Tusk?
