Torq Resources Inc. is pleased to announce the Company has received TSX Venture Exchange approval to extend the closing of the Company's offering of units, previously announced on October 2, 2024, to December 13, 2024. Closing is subject to customary conditions including final approval of the TSXV and receipt of additional subscription agreements [...]
Torq Resources Inc. is pleased to announce that it has entered into an interim loan and facility agreement with an affiliate of Gold Fields Ltd. .Advances up to an aggregate amount of US$1,810,000 currently approximately will be drawn in tranches and will enable Torq to make an underlying option agreement payment of US$600,000 currently [...]
Torq Resources Inc. is pleased to announce it is undertaking a private placement of up to 25,000,000 units of the Company at an offering price of CAD$0.08 per Unit for gross proceeds to the Company of up to $2 million . Each Unit consists of one common share of the Company and one common share purchase warrant of the Company . Each whole Warrant [...]
Torq Resources Inc. would like to clarify the terms of the finder's warrants announced in the May 7, 2024 news release. The correct exercise price for the finder's warrant is $0.10. All other terms are the same as the warrants issued in the private placement. Shawn Wallace CEO & Chair For further information on Torq Resources, please visit [...]
Torq Resources Inc. announces that it has agreed to an amendment of its November 18, 2020 Margarita Project Unilateral Option Agreement to extend the option by one year and to defer the August 22, 2024 payment of USD $1,200,000 for one year. Under the terms of an amending agreement dated August 5, 2024, an additional USD $300,000 , was added to the [...]
Torq Resources Inc. announces that it has agreed to an amendment of its November 18, 2020 Margarita Project Unilateral Option Agreement to extend the option by one year and to defer the August 22, 2024 payment of USD $1,200,000 for one year. Under the terms of an amending agreement dated August 5, 2024, an additional USD $300,000 , was added to the [...]
Torq Resources Inc. is pleased to announce that as of July 31, 2024 it has entered into a non-binding term sheet with an affiliate of Gold Fields Ltd. with respect to a proposed option and joint venture agreement to advance the exploration and development of Torq's Santa Cecilia copper-gold project in Chile . Under the Option Agreement, Gold Fields [...]
Torq Resources Inc. is pleased to announce the Company has received conditional TSX Venture Exchange approval to extend the offering to August 25, 2024 subject to customary conditions including the absence of material changes during the extended offering period. Raising any further funds remains subject to the execution of additional subscription [...]
Torq Resources Inc. is pleased to announce that it has completed the first tranche of its non-brokered private placement, the terms of which were announced on May 7, 2024 , by issuing 4,645,300 units of the Company at an offering price of $0.10 per Unit for gross proceeds of C$464,530. The Company has received conditional TSX Venture Exchange [...]
Torq Resources Inc. is pleased to announce the second set of results from the recently completed Phase II drilling program at its Santa Cecilia project, located in the prolific Maricunga belt, in the Atacama region of Chile . The second discovery hole, 24SC-DDH-005, intercepted an interval of 120 m with 1.33 g/t gold , 0.096% copper at a depth of [...]
Torq Resources Inc. is pleased to announce it is undertaking a private placement of up to 15,000,000 units of the Company at an offering price of $0.10 per Unit for gross proceeds to the Company of up to $1.5 million . Each Unit consists of one common share of the Company and one half of one common share purchase warrant of the Company . Each whole [...]
Torq Resources Inc. is pleased to announce the first set of results from the recently completed phase II drill program at its Santa Cecilia project, located in the prolific Maricunga belt, in the Atacama region of Chile. The program consisted of approximately 1,500 metres over three diamond drill holes; two located at the Pircas Norte target and [...]
