VANCOUVER, BC September 15, 2022 /Torq Resources Inc. (TSXV:TORQ)(OTCQX:TRBMF) (“Torq” or the “Company”) is pleased to announce that it has closed the C$15 million non-brokered private placement with a wholly owned affiliate of NYSE listed international gold mining company, Gold Fields Limited (“Gold Fields”) that was previously announced on September 6, 2022. The Company issued an aggregate of 15,000,000 Torq (TSXV:TORQ)(OTCQX:TRBMF) common shares at $1.00 per share, resulting in Gold Fields owning approximately 15.05% of Torq’s (TSXV:TORQ)(OTCQX:TRBMF) issued and outstanding shares (undiluted). The funds will be used to advance Torq’s (TSXV:TORQ)(OTCQX:TRBMF) portfolio of projects in Chile, primarily its ...
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Torq Resources Closes C$15 Million Strategic Investment from Gold Fields