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");
No further action on the part of stockholders is required and no other conditions need to be satisfied before the Company can perform the Distribution and Share Cancellation. Pursuant to Section 78.580, 78.585 and 78.590 of the Nevada Revised Statutes, stockholder approval was obtained for the corporate actions.
The record date for the Distribution is September 3, 2013 at 5:00 p.m. (Pacific Daylight Time) and the Distribution date is September 16, 2003.
The Company has elected to treat the Distribution as a mandatory surrender of stock certificates. Stock certificates must be surrendered by September 30, 2013. As a result, there will be a letter of transmittal sent to the Company's stockholders directing them to surrender their existing stock certificates. Upon surrender of stock certificates, for stockholders who hold their shares in a brokerage account, the stock certificate representing the Distribution shares will be sent directly to the stockholder's broker. Such stockholders should contact their broker for additional details. Upon surrender of stock certificates, for stockholders who hold a physical stock certificate in their name, the stock certificate representing the Distribution shares will be mailed directly to the stockholder. Such stockholders should contact the Company's transfer agent at the address below to verify their address:
Colonial Stock Transfer Company, Inc.
66 Exchange Place
Salt Lake City, Utah 84111
Attention: Dan Carter
Toll Free 877-285-8605
The Company will pay the transfer agent's transaction fees related to the issuance of the new stock certificates in connection with the Distribution. If you have any further questions, please contact Black Tusk Minerals Inc. at (360) 930-3910.
By order of the Board of Directors, notice is hereby given on this 30th day of August, 2013.
ON BEHALF OF THE BOARD OF DIRECTORS BLACK TUSK MINERALS INC.:
/s/ "Gavin Roy"
Phone: (360) 930-3910
This news release contains "forward-looking statements" and "forward-looking information" within the meaning of Canadian and United States securities laws. Such forward-looking statements and forward-looking information reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, believed, estimated or expected. We do not undertake to update forward-looking statements or forward-looking information, except as may be required by law.
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