Torq Resources Inc. is pleased to announce a C$15 million non-brokered private placement with a wholly owned affiliate of NYSE listed international gold mining company, at a purchase price of C$1.00 per share. The funds will be used to advance Torq's portfolio of projects in Chile, primarily its Santa Cecilia gold-copper project, where the Company [...]
Torq Resources Inc. is pleased to announce the voting results for election of its Board of Directors at the Annual General Meeting of Shareholders held on August 18, 2022 in Vancouver, British Columbia. The director nominees, as listed in the Company's Information Circular dated July 6, 2022 and SEDAR filed July 14, 2022, were elected as directors [...]
Torq Resources Inc. is pleased to announce the identification of new high priority targets at the Margarita Iron-Oxide-Copper-Gold project located in northern Chile, 65 kilometres north of the city of Copiapo . The Remolino and Cototuda east targets have been defined based on the similar geological, geochemical, and geophysical characteristics as [...]
Torq Resources Inc. is pleased to announce that it has commenced its follow-up drill program at the Margarita Iron-Oxide-Copper-Gold project, located on the Coasta Coardillera belt in Chile and where the Company made a new discovery of 90 metres of 0.94% copper and 0.84 g/t gold during the first ever drill program on the project . The Company plans [...]
Torq Resources Inc. announces that it has agreed to amend the C$3 million two-year credit facility announced June 23, 2022. Under the amended terms, $2,000,000 will be advanced to the Company immediately on execution of the amended credit facility agreement. Amounts drawn under the facility are subject to 9% annual interest. In consideration for [...]
Torq Resources Inc. announces that it has obtained a commitment from an arms-length lender to provide a C$3 million two-year credit facility of which $500,000 will be advanced to the Company immediately. Amounts drawn under the facility are subject to 9% pa interest. In consideration for the grant of the facility, the Company has agreed to pay the [...]
Torq Resources Inc. is pleased to announce that two current directors are changing management positions in order to better reflect the expected executive involvement of each person going forward. Shawn Wallace the current Board Chair is being appointed to Chief Executive Officer while Michael Kosowan will assume the office of Vice President of [...]
Torq Resources Inc. , is pleased to announce plans for a follow-up drill program to expand upon the new discovery made at its Margarita Iron-Oxide-Copper-Gold project, where drill hole 22MAR-013R intersected 90 metres of 0.94% copper and 0.84 g/t gold . The follow-up drill program will consist of approximately 4,000 m of reverse circulation [...]
Torq Resources Inc. is pleased to announce the discovery of a new copper and gold sulphide system as a result of its maiden 4,075 metre reverse - circulation drill program at its Margarita Iron-Oxide-Copper-Gold project, located in northern Chile about 65 kilometres north of the city of Copiapo. Drill hole 22MAR-013R intersected 90 m of 0.94 [...]
Torq Resources Inc. is pleased to announce that it has increased and completed its non-brokered private placement, the amended terms of which were announced February 15, 2022, from C$5 million to C$5.28 million through the issuance of 7,033,400 equity units at an offering price of $0.75. The Company intends to use the net proceeds to fund [...]
Torq Resources Inc. , is pleased to announce that it has completed a C$4.5 million first tranche of its $5 million non-brokered private placement of $0.75 equity units, the amended terms of which were announced February 15, 2022. The Company intends to use the net proceeds to fund exploration at the Company's portfolio of projects in Chile, for [...]
Torq Resources Inc. announces that it is has amended the terms of the C$5M non-brokered private placement announced Feb. 1, 2022. The financing security will be a $0.75 unit consisting of a common share and a three-year share purchase warrant, exercisable at $1.10. The warrant is subject to accelerated expiry if the common shares trade above $1.75 [...]