Torq Amends Financing Terms

Written By Investor Safari

InvestorSarfari Comments:

Warrants have been added.

With another couple of weeks until the end of the month, this is likely to make it more appealing to investors.

VANCOUVER, BC / ACCESSWIRE / February 15, 2022 / Torq Resources Inc. (TSXV:TORQ)(OTCQX:TRBMF) ("Torq" or the "Company") 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 for 20 consecutive trading days after the first 12 months. In all other respects, the previously announced terms and conditions of the offering pertain to the amended offering.

ON BEHALF OF THE BOARD,

Shawn Wallace
Executive Chairman

View source version on accesswire.com:
https://www.accesswire.com/688935/Torq-Amends-Financing-Terms

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