Torq Completes $4.5 Million First Tranche of Private Placement
InvestorSarfari Comments:
The markets since January have been very volatile. A lot of money has been leaving the market.
Under these circumstances, raising 4.5M is very impressive. General interest in the company should increase in coming months with the start of exploratory drilling.
VANCOUVER, BC / ACCESSWIRE / March 1, 2022 / Torq Resources Inc. (TSX-V:TORQ), (OTCQX:TRBMF) ("Torq" or the "Company") 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 ongoing project costs and for general working capital.
A Message from Shawn Wallace, Executive Chair & Director:
"I would like to thank shareholders and all those who are participating in our financing for their patience and support during this unforeseen turbulent time. We are looking forward to advancing our flagship Santa Cecilia gold-copper project to drill stage in the coming months."
ON BEHALF OF THE BOARD,
Shawn Wallace
Executive Chair
View source version on accesswire.com:
https://www.accesswire.com/691026/Torq-Completes-45-Million-First-Tranche-of-Private-Placement