BLACK TUSK MINERALS INC. Financials

PERIOD ENDING31-Aug-0931-May-0928-Feb-0930-Nov-08Total Revenue -   -   -   -  Cost of Revenue64   -   -   -  Gross Profit(64) -   -   -  Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative521  20  16  21  Non Recurring -   -   -   -  Others -   -   -   -  Total Operating Expenses -   -   -   -  Operating Income or Loss(585)(20)(16)(21)Income from Continuing OperationsTotal Other Income/Expenses Net(1)(25) -   -  Earnings Before Interest And Taxes(586)(17)(16)(21)Interest Expense8  3   -   -  Income Before Tax(594)(20)(16)(21)Income Tax Expense -   -   -   -  Minority Interest -   -   -   -  Net Income From Continuing Ops(594)(48)(16)(21)Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   -  Effect Of Accounting Changes -   -   -...
Click here to read the whole Article (external link)

BLACK TUSK MINERALS INC. Files SEC form 10-Q, Quarterly Report

ITEM 2. Management's Discussion and Analysis of Financial Condition and Results of Operations As used in this quarterly report on Form 10-Q, and unless otherwise indicated, the terms "we," "us," "our," "Black Tusk" and the "Company" refer to Black Tusk Minerals Inc. All dollar amounts in this annual report are expressed in U.S. dollars unless otherwise indicated. Forward-Looking Statements Certain statements in this quarterly report on Form 10-Q constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements concern our anticipated results and developments in our operations in future periods, planned exploration and development of our properties, plans related to our business and matters that may occur in the future. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. We use words like "expects," "believes," "intends," "anticipates," "plans," "targets," "projects" or "estimates" in this annual report. When used, these words and other, similar words and phrases or statements that an event, action or result "will," "may," "could," or "should" result, occur, be taken or be achieved, identify "forward-looking" statements. Such forward-looking statements are subject to certain risks and uncertainties, both known and unknown, and assumptions, including, without limitation, risks related to: • our failure to obtain additional financing; • our inability to continue as a going concern; • the unique difficulties and uncertainties inherent in the mineral exploration business; • the inherent dangers involved in mineral exploration; • our President's ...
Click here to read the whole Article (external link)

BLACK TUSK MINERALS INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Unregistered Sale of Equity

Show all filings for BLACK TUSK MINERALS INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for BLACK TUSK MINERALS INC. 15-Sep-2009Entry into a Material Definitive Agreement, Unregistered Sale of Equity Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information p...
Click here to read the whole Article (external link)

BLACK TUSK MINERALS INC. Files SEC form 8-K/A, Change in Directors or Principal Officers

Show all filings for BLACK TUSK MINERALS INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K/A for BLACK TUSK MINERALS INC. 4-Sep-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational ...
Click here to read the whole Article (external link)

BLACK TUSK MINERALS INC. Files SEC form 10-K, Annual Report

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and related notes appearing elsewhere in this annual report. This discussion and analysis contains forward-looking statements that involve risks, uncertainties and assumptions. Our actual results may differ materially from those anticipated in these forward-looking statements as a result of many factors, including, but not limited to, those set forth under "Risk Factors" and elsewhere in this annual report. See "Cautionary Note Regardingt Forward-Looking Statements" above. Plan of Operation Golden Bear Claim On April 24, 2006, we purchased the GOLDEN BEAR Claim from Nicholson and Associates Natural Resources Development Corp. of Vancouver, British Columbia for $7,500, inclusive of the assessment costs, which sum consisted of filing fees of $160, geological report costs of $3,000, and the property purchase payment of $4,340. In order to maintain the GOLDEN BEAR claim in good standing, we were required to make minimal expenditures on the claims or pay renewal fees to the B.C. Ministry of Energy and Mines. Pursuant to 35(1) of the Mineral Tenure Act, a mineral or placer claim forfeits automatically when exploration and development work or payment instead of work has not been registered by the end of the expiry date of the claim. On December 31, 2007, the Company allowed the GOLDEN BEAR claim to lapse. We did not earn any revenues from the GOLDEN BEAR claim. Peru Properties The Company's plans for the next twelve months are to focus on the exploration of the Peru Properties and estimates that cash requirements of approximately $575,000 will be required for exploration and administration costs and to fund working capital. We do not have any commitments to fund these cost...
Click here to read the whole Article (external link)

BLACK TUSK MINERALS INC. Files SEC form 8-K/A, Entry into a Material Definitive Agreement, Creation of a Direct Finan

Show all filings for BLACK TUSK MINERALS INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K/A for BLACK TUSK MINERALS INC. 31-Aug-2009Entry into a Material Definitive Agreement, Creation of a Direct Finan Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All inform...
Click here to read the whole Article (external link)

BLACK TUSK MINERALS INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financi

Item 1.01 Entry into a Materially Definitive Agreement. On or about June 26, 2009, Black Tusk Minerals Inc. (the "Company") agreed to issue convertible notes and warrants to investors in connection with a private placement conducted outside the United States to non-U.S. persons (the "Note and Warrant Offering"). The Company agreed to issue a 10% convertible promissory note in the principal amount of the investment (the "Convertible Notes") and warrants exercisable to acquire 2,500 shares of common stock for each $500 investment (rounded down to the nearest $500 investment)(the "Warrants") in connection with the financing. The Convertible Notes shall be convertible into shares of common stock of the Company at a price of $0.20 per share (a price equal to the purchase price the Company issued shares in September 2008), subject to anti-dilution adjustments, and be due on dates negotiated between the Company and the investors. The Warrants shall be exercisable until January 23, 2012 to purchase 2,500 shares of common stock for each $500 invested at an exercise price of $0.20 per share (a price equal to the purchase price the Company issued shares in September 2008), subject to anti-dilution adjustments. The Warrants shall be in the form attached hereto and shall be exercisable by the holder on a cashless exercise basis. On or about June 26, 2009, the Company issued Convertible Notes and Warrants to the following investors: Name Amount Note Due Date Number of Warrants Michael McIsaac $11,612.89 December 31, 2009 57,500 Dal Brynelsen $12,500 August 31, 2009 62,500 Rick Sanderson $10,000 December 31, 2009 50,000 The proceeds from the Note and Warrant Offering were used to pay concession fees due on the Company's principal properties in Peru. On July 14, 2009, the Company and Forstrom Jackson, Barristers and Solicitors, a creditor ("Jackson"), entered into a Fee A...
Click here to read the whole Article (external link)

Black Tusk Minerals Announces Appointment of Geological Consultant

VANCOUVER, British Columbia, June 17, 2009 (GLOBE NEWSWIRE) -- Black Tusk Minerals Inc. (OTCBB:BKTK - News; Frankfurt:4HH - News; the "Company") is pleased to announce that Robert Krause has been retained as the company's consulting geologist to review its fifteen mining concessions and pediments located in the District of Huanza, Province of Huarochiri, Department of Lima, Peru (the "Properties"). The review will focus on better understanding what part of the known gold-silver vein system in the area occurs within Black Tusk's properties and the upside potential of the system. The information will be integral to a NI43-101 compliant report to be issued in the coming months. Robert Krause, age 51, has over 25 years of experience in the mining and exploration sector, having worked on projects in both North and South America. He serves and has served both public and private corporations in various positions such as; Vice President of Exploration for Wyn Developments Inc., Vice President of Exploration for Starfield Resources Inc., Project Geologist in Salguiero, Brazil, working for LAMIC and Melinga/Milagro Resources Inc., Exploration Manager for International Seadrift Exploration Ltd., and ...
Click here to read the whole Article (external link)

Black Tusk Minerals Announces Fee Arrangement Agreements

VANCOUVER, British Columbia, June 16, 2009 (GLOBE NEWSWIRE) -- Black Tusk Minerals Inc. (OTCBB:BKTK - News; Frankfurt:4HH - News; the "Company") is pleased to announce that on May 29, 2009, the Company entered into fee arrangement agreements with Dorsey & Whitney LLP and Rodrigo, Elias & Medrano Abogados, to settle the payment of legal fees. Under the terms of the agreement with Dorsey & Whitney LLP, the Company settled the obligation by (i) issuing a convertible promissory note in the principal amount of $50,000, accruing interest at the rate of 4% per annum, due and payable on the earlier of: (a) January 23, 2012, (b) the Company closing an acquisition transaction or (c) the date the Company raises financing of $250,000 or more; and (ii) issuing warrants exercisable until January 23, 2012 to purchase Two Hundred Fifty Thousand (250,000) shares of common stock at an exercise price of $0.20 per share. Under the terms of the agreement with Rodrigo, Elias & Medrano Abogados, the Company settled the obligation by issuing a convertible promissory note in the principal amount of $11,500, accruing interest at the rate of 4% per annum, due and payable on the earlier of: (a...
Click here to read the whole Article (external link)

BLACK TUSK MINERALS INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financi

Item 1.01 Entry into a Materially Definitive Agreement. On May 29, 2009, Black Tusk Minerals Inc. (the "Company") and Dorsey & Whitney LLP, a creditor ( "Dorsey"), entered into a Fee Arrangement Agreement to settle the payment of legal fees in the amount of $50,000. The Fee Arrangement Agreement was approved by the Company's board of directors on January 23, 2009, and accepted and executed by Dorsey on May 29, 2009. Under the terms of the Fee Arrangement Agreement, the Company settled the obligation by (i) issuing to a convertible promissory note in the principal amount of Fifty Thousand Dollars ($50,000), accruing interest at the rate of 4% per annum, due and payable on the earlier of: (a) January 23, 2012, (b) the Company closes an Acquisition Transaction or (c) the date the Company raises financing of $250,000 or more (the "Promissory Note"); and (ii) issuing the Creditor warrants (the "Warrants") exercisable until January 23, 2012 to purchase Two Hundred Fifty Thousand (250,000) shares of common stock at an exercise price of $0.20 per share (a price equal to the purchase price the Company issued shares in September 2008), as a debt restructuring fee. The Promissory Note has an anti-dilution provision to adjust the conversion price if the Registrant issues additional common stock or equivalents at a price lower than the conversion price with a floor of $0.10 per share. The Warrants may be exercised on a cashless exercise basis. On May 29, 2009, the Company and Rodrigo, Elías & Medrano Abogados, a creditor ("Rodrigo"), entered into a Fee Arrangement Agreement (the "Rodrigo Fee Agreement") to settle the payment of legal fees in the amount of $11,500. The Rodrigo Fee Agreement was approved by the Company's board of directors on January 23, 2009, and accepted and executed by Rodrigo on May 29, 2009. Under the terms of the Fee Arrangement Agreement, the Company settled the obligation by (i) issuing to a converti...
Click here to read the whole Article (external link)