Torq Resources Inc. announces that it is undertaking a non-brokered private placement of 33.33 million equity units of the Company at an offering price of CAD$0.06 per Unit for gross proceeds to the Company of $2 million . Each Unit will consist of one common share and one full common share purchase warrant . Each Warrant will entitle the holder to purchase one common share of the Company at a price of C$0.12 at any time [...]
Torq Resources Inc. is pleased to announce the commencement of drilling at its Santa Cecilia gold - copper project located in the world-class Maricunga belt in northern Chile, approximately 100 kilometres east of the city of Copiapo. The Santa Cecilia project is in the vicinity of the Norte Abierto project, held by Newmont and Barrick, which is comprised of the Caspiche and Cerro Casale gold - copper porphyry deposits [...]
Torq Resources Inc. is pleased to announce the finalization of the previously announced earn-in option and joint venture transaction involving the Company's Santa Cecilia project in Chile . The option and joint venture transaction is with an affiliate of Gold Fields Ltd. and by which Gold Fields has acquired a staged option to earn into up to a 75% indirect interest in the project by funding up to USD$48 million over a [...]
Torq Resources Inc. is pleased to announce the voting results for the Annual General and Special Meeting of Shareholders held on January 10, 2025, in Vancouver, British Columbia. Shareholder participation at the Meeting was a record 55.8% compared with a 5-year average of 29.5%. A total of 77,643,691 common shares were voted in connection with the Meeting, representing approximately 55.83% of the Company's issued and [...]
Torq Resources Inc. announces that Torq has today filed at www.sedarplus.ca its management information circular , notice of meeting and form of proxy prepared in connection with Torq's annual and special shareholders Meeting currently scheduled for January 10, 2025. At the Meeting, Torq will, in addition to the annual election of directors, appointment of auditors and consideration of an equity incentive plan, seek [...]
Torq Resources Inc. announces that further to its August 1, 2024 news release, that Torq and an affiliate of Gold Fields Ltd. have executed a definitive Implementation Agreement dated November 29, 2024 superseding the Santa Cecilia Project earn-in term sheet announced August 1, 2024. Under the Implementation Agreement, Gold Fields will, subject to final TSX Venture Exchange approval and disinterested Torq shareholders [...]
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 from investors. Shawn Wallace CEO & Chair For further information on Torq [...]
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 approximately required for its Santa Cecilia copper-gold project in Chile and to [...]
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 will entitle the holder thereof to purchase one common share of the Company [...]
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 www.torqresources.com or contact the company at 729-0500 or info@torqresources.com [...]
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 August 22, 2025 option payment and an increase of USD $200,000 was added [...]
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 August 22, 2025 option payment and an increase of USD $200,000 was added [...]
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