Black Tusk Closes Private Placement
BLACK TUSK RESOURCES INC.
500- 666 Burrard Street
Vancouver, BC, V6C 3P6
www.blacktuskresources.com
BLACK TUSK CLOSES PRIVATE PLACEMENT
May 5, 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 $274,000 issuing a total of 10,960,000 Units (each a “Unit”) at a price of $0.025 per Unit.
Each Unit consists of on e 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 $0.05 per share for a two-year
term (the “Warrant Term”).
In addition, the Company paid $11,360 in cash commissions and issued 454,400 Warrants to brokers.
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 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 v ariety 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, inc luding 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.