Latest Black Tusk Minerals (BKTK) Headlines B

Latest Black Tusk Minerals (BKTK) Headlines



Black Tusk Minerals Inc. Corporate Update

ACCESSWIRE - Fri Aug 30, 11:04PM CDT

LIMA, PERU - August 30, 2013 - Black Tusk Minerals Inc. (OTC: BKTK) (the "Company") is pleased to announce the Company, for purposes of winding-up its business and affairs, has entered into an amended Asset Purchase Agreement, dated August 22, 2012 and amended August 9, 2013 (the "Amended Asset Purchase Agreement") by and between the Company and Minera Bonanza Peru S.A., a private Peruvian corporation (the "Acquirer') pursuant to which the Company will sell all or substantially all of its assets to the Acquirer at the effective date of the transaction, as contemplated in the Amended Asset Purchase Agreement in consideration for 9,892,947 ordinary shares of Acquirer (the "Acquirer Shares") and the Company will distribute the Acquirer Shares to the Company's stockholders on a 1-for-1 share, pro rata basis (the "Distribution") and cancel the issued and outstanding shares of common stock of the Company (the "Share Cancellation");