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Black Tusk Announces Proposed Financings and Debt Settlement15.11.2022 | 9:00 Uhr | Accesswire
VANCOUVER, November 15, 2022 - Black Tusk Resources Inc. (CSE:TUSK)(OTC PINK:BTKRF)(Frankfurt:0NB) (the "Company" or "Black Tusk") is pleased to announce two proposed private placements and a proposed debt settlement. The flow through funding will consist of up to 8,333,333 flow-through units ("FT Units"), priced at $0.06 each for gross proceeds of up to $500,000. Each FT Unit will consist of one flow-through common share plus one-half of one whole warrant to purchase one non flow-through common share at $0.10 for two years. The non-flow-through funding will consist of up to 10,000,000 units ("NFT Units") priced at $0.05 for gross proceeds of up to $500,000 CDN. Each NFT Unit will consist of one common share plus one-half of one whole warrant to purchase an additional common share at $0.075 for two years. The Company will pay finder's fees of 10% cash, 5% compensation shares and 4% Warrants on the same terms as the private placements. In addition, the Company announces a debt settlement, settling $179,000 in exchange for 3,580,000 common shares. In the proposed settlement, officers of the Company are expected to receive 1,760,000 of these common shares in settlement of $88,000 in outstanding indebtedness. The proposed private placement and any finder's fees are subject to CSE approval. All shares issued pursuant to this offering and any shares issued pursuant to the exercise of warrants will be subject to a four-month hold period from the closing date. About Black Tusk Resources Inc. Black Tusk Resources is a diversified Canadian exploration company with operations primarily based in the world-class Abitibi greenstone belt region of Quebec. Black Tusk currently holds 100-per-cent ownership in six separate gold, copper and platinum/palladium properties in Canada. For more information please contact: Black Tusk Resources Inc. The forward-looking information contained in this release is made as of the date hereof and Black Tusk is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein. This announcement does not constitute an offer, invitation, or recommendation to subscribe for or purchase any securities and neither this announcement nor anything contained in it shall form the basis of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or under the securities laws of any state or other jurisdiction of the United States and may not be offered or sold, directly or indirectly, within the United States, unless the securities have been registered under the Securities Act or an exemption from the registration requirements of the Securities Act is available. NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. SOURCE: Black Tusk Resources Inc. View source version on accesswire.com: https://www.accesswire.com/725761/Black-Tusk-Announces-Proposed-Financings-and-Debt-Settlement Dieser Artikel stammt von Rohstoff-Welt.de
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