Black Tusk to Complete Share Consolidation
BLACK TUSK RESOURCES INC.
500- 666 Burrard Street
Vancouver, BC, V6C 3P6
www.blacktuskresources.com
BLACK TUSK TO COMPLETE SHARE CONSOLIDATION
November 1, 2022 – Vancouver, British Columbia. Black Tusk Resources Inc. (the “Company ”) (CSE:
TUSK) (Frankfurt: 0NB) (OTCPK: BTKRF) announces that it plans to consolidate its issued and outstanding
common shares at a ratio of ten (10) pre-consolidat ed shares to one (1) post-consolidation share (the
“Consolidation”). The purpose of the Consolidation is to facilitate the Company’s ability to attract future
financings, generate greater investor interest and improve trading liquidity.
The Company currently has 205,746,409 common shares issued and outstanding. Upon completion of the
Consolidation, the Company will have 20,574,640 com mon shares issued and outstanding.
In accordance with the Company’s Articles, the Cons olidation will not require the approval of the
shareholders. The Consolidation is subject to the acceptance of the Canadian Securities Exchange.
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 expenditure s.
Forward-looking information is frequently character ized by words such as “plan”, “expect”, “project”,
“intend”, “believe”, “anticipate”, “estimate” and o ther similar words, or statements that certain even ts or
conditions “may” or “will” occur. Forward-looking s tatements are based on the opinions and estimates a t
the date the statements are made, and are subject t o a variety of risks and uncertainties and other fa ctors
that could cause actual events or results to differ materially from those anticipated in the forward-l ooking
statements including, but not limited to delays or uncertainties with regulatory approvals, including that of
the CSE, inability to effectively plan a program, t hird party land claims or failure to obtain permits . There
are uncertainties inherent in forward-looking infor mation, including factors beyond the Company’s cont rol.
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 describ ed 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 risk s and uncertainties that could affect financial res ults is
contained in the Company’s filings with Canadian se curities regulators, which are available at
www.sedar.com.