Black Tusk Closes Flow-Through Private Placement
BLACK TUSK RESOURCES INC.
500- 666 Burrard Street
Vancouver, BC, V6C 3P6
www.blacktuskresources.com
BLACK TUSK CLOSES FLOW-THROUGH PRIVATE PLACEMENT
June 16, 2022 – Vancouver, British Columbia. Black Tusk Resources Inc. (the “Company”) (CSE: TUSK)
(Frankfurt: 0NB) (OTCPK: BTKRF) is pleased to announce that it has closed a private placement for gross
proceeds of $287,740.05 issuing a total of 9,590,335 Units (each a “Unit”) at a price of $0.03 per Unit.
Each Unit consists of one flow through common share and one share purchase warrant (each a “Warrant”).
Each Warrant will entitle the holder to purchase one common share at a price of $0.06 per share for a three-
year term (the “Warrant Term”).
In addition, the Company paid commission of $25,771 in cash, issued 596,183 Warrants and issued
262,850 common shares in connection with the offering.
The Company also announces that it has issued 3,832,960 common shares at a deemed price of $0.05 to
extinguish outstanding indebtedness of $129,173.
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.
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 uncertaint ies 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, inabil ity 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.