Torq to Raise up to C$1.5 Million In Equity Financing
Torq to Raise up to C$1.5 Million In Equity Financing
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES
本新闻稿不适用于分发给美国新闻通讯社在美国传播
VANCOUVER, BC / ACCESSWIRE / May 7, 2024 / Torq Resources Inc. (TSXV:TORQ)(OTCQX:TRBMF) ("Torq" or the "Company") is pleased to announce it is undertaking a private placement of up to 15,000,000 units of the Company (the "Units") at an offering price of $0.10 per Unit for gross proceeds to the Company of up to $1.5 million (the "Offering"). Each Unit consists of one common share of the Company and one half of one common share purchase warrant of the Company (each whole warrant being, a "Warrant"). Each whole Warrant will entitle the holder thereof to purchase one common share of the Company at an exercise price of $0.15 per share at any time on or before the date which is 12 months after the closing date of the Offering (the "Closing Date").
不列颠哥伦比亚省温哥华/ACCESSWIRE/2024年5月7日/Torq Resources Inc.(多伦多证券交易所股票代码:TORQ)(OTCQX: TRBMF)(“Torq” 或 “公司”)欣然宣布,将以每单位0.10美元的发行价私募本公司(“单位”),公司总收益高达150万美元(“单位”)提供”)。每个单位由公司的一股普通股和公司普通股购买权证的一半组成(每份完整认股权证均为 “认股权证”)。每份完整认股权证的持有人有权在发行截止日期(“截止日期”)后的12个月或之前,随时以每股0.15美元的行使价购买公司的一股普通股。
The Warrants are subject to an accelerated expiry if, anytime following the date that is four months after the Closing Date, the closing price of the common shares of the Company on the TSX Venture Exchange (the "TSX-V"), or such other market as the common shares may trade from time to time, is or exceeds $0.30 for any 10 consecutive trading days, in which event the holder of the Warrants may, at the Company's election, be given notice and the Company will issue a press release announcing that the Warrants will expire 30 days following the date of such press release. The Warrants may be exercised by the holder of the Warrant during the 30-day period after the date of the press release announcing the accelerated expiry date.
如果在截止日期后的四个月之后的任何时候,公司在多伦多证券交易所风险交易所(“TSX-V”)或普通股可能不时交易的其他市场的收盘价在任何连续10个交易日内达到或超过0.30美元,则认股权证的有效期将加速到期,在这种情况下,认股权证持有人可以在公司的选择下发放认股权证通知,公司将发布新闻稿,宣布认股权证将在该新闻发布之日起30天后到期发布。认股权证持有人可以在宣布加速到期日的新闻稿发布之日起的30天内行使认股权证。
The proposed use of proceeds from the Offering is to finance general working capital.
本次发行所得款项的拟议用途是为一般营运资金提供资金。
In accordance with applicable securities laws, the securities issued under the Offering will be subject to a four-month-and-one-day hold period from the Closing Date in Canada. Although the Offering is non-brokered, the Company may pay a cash finder's fee equal to 6.0% of the gross proceeds and issue finders' warrants equal to 6.0% of the number of Units sold under the Offering to eligible persons who refer participating investors to the Company, where permitted by applicable law and in accordance with the policies of the TSX-V. Each finder's warrant will have the same terms as the Warrants.
根据适用的证券法,根据本次发行发行的证券将自加拿大截止日起四个月零一天的持有期。尽管本次发行不是经纪人发行,但在适用法律允许和多伦多证券交易所政策允许的情况下,公司可以支付相当于总收益6.0%的现金发现费,并向向推荐参与投资者给公司的合格人员发行相当于本次发行所售单位数量6.0%的发现者认股权证。每个发现者的认股权证将与认股权证具有相同的条款。
Closing of the Offering is anticipated to occur on or about May 30, 2024, subject to the receipt of investor documentation, funds and TSX-V approval. There is no minimum upon which the closing of the Offering is conditional, and any upsize will be announced in the context of the market.
本次发行预计将于2024年5月30日左右结束,但须收到投资者文件、资金和多伦多证券交易所的批准。本次发行的结束没有最低限度的条件,任何扩大规模都将在市场背景下宣布。
It is possible that insiders of the company may participate in the Offering and the Company will be relying on the exemption from the formal valuation and minority shareholder approval requirements pursuant to sections 5.5(a) and 5.7(1)(a) of Canadian Multilateral Instrument 61-101 - Protection of Minority Shareholders in Related Party Transactions , as neither the fair market value of any securities issued to nor the consideration paid by such person could exceed 25% of the Company's market capitalization.
公司的内部人士有可能参与本次发行,公司将依赖加拿大多边文书61-101第5.5(a)和5.7(1)(a)条规定的正式估值和少数股东批准要求的豁免- 保护少数民族 关联方交易中的股东,因为向关联方发行的任何证券的公允市场价值以及该人支付的对价都不能超过公司市值的25%。
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such an offer, solicitation or sale would be unlawful.
所发行的证券尚未根据经修订的1933年《美国证券法》注册,未经注册或未获得相应的注册要求豁免,不得在美国发行或出售。本新闻稿不应构成卖出要约或买入要约的邀请,也不得在任何州出售证券,也不得出售此类证券。
ON BEHALF OF THE BOARD,
代表董事会,
Shawn Wallace
CEO & Chair
肖恩华莱士
首席执行官兼主席
For further information on Torq Resources, please visit or contact the company at (778) 729-0500 or info@torqresources.com.
有关 Torq Resources 的更多信息,请访问或致电 (778) 729-0500 或 info@torqresources.com 联系该公司。
About Torq Resources
关于 Torq 资源
Torq is a Vancouver-based copper and gold exploration company with a portfolio of premium holdings in Chile. The Company is establishing itself as a leader of new exploration in prominent mining belts, guided by responsible, respectful and sustainable practices. The Company was built by a management team with prior success in monetizing exploration assets and its specialized technical team is recognized for their extensive experience working with major mining companies, supported by robust safety standards and technical proficiency. The technical team includes Chile-based geologists with invaluable local expertise and a noteworthy track record for major discovery in the country. Torq is committed to operating at the highest standards of applicable environmental, social and governance practices in the pursuit of a landmark discovery. For more information, visit .
Torq是一家总部位于温哥华的铜和黄金勘探公司,在智利拥有优质资产组合。该公司以负责任、尊重和可持续的做法为指导,正在将自己确立为主要采矿带新勘探的领导者。该公司由一支管理团队建立,此前曾成功地将勘探资产货币化,其专业技术团队因其在与主要矿业公司合作的丰富经验以及严格的安全标准和技术能力的支持下而获得认可。该技术团队包括驻智利的地质学家,他们拥有宝贵的当地专业知识,在该国有着显著的重大发现记录。Torq 致力于按照适用的环境、社会和治理实践的最高标准运营,以追求具有里程碑意义的发现。欲了解更多信息,请访问。
Forward Looking Information
前瞻性信息
This release includes certain statements that may be deemed "forward-looking statements". Forward-looking information in this release are statements that relate to closing of the Offering, use of proceeds, plans for future exploration programs, which are dependent on raising additional capital. These statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company to be materially different (either positively or negatively) from any future results, performance or achievements expressed or implied by some of the principal forward-looking statements. See Torq's Annual Information Form filed April 29, 2024, at for disclosure of the risks and uncertainties faced in this business.
本新闻稿包括某些可能被视为 “前瞻性陈述” 的陈述。本新闻稿中的前瞻性信息是与发行结束、所得款项的使用、未来勘探计划有关的声明,这些声明取决于筹集额外资金。这些陈述涉及已知和未知的风险、不确定性和其他因素,这些因素可能导致公司的实际业绩、业绩或成就与某些主要前瞻性陈述所表达或暗示的任何未来业绩、业绩或成就存在重大差异(正面或负面)。有关该业务面临的风险和不确定性的披露,请参阅Torq于2024年4月29日提交的年度信息表。
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) assumes any responsibility for the adequacy or accuracy of this release.
多伦多证券交易所风险交易所及其监管服务提供商(该术语在多伦多证券交易所风险交易所的政策中定义)均不对本新闻稿的充分性或准确性承担任何责任。
SOURCE: Torq Resources Inc.
来源:Torq Resources Inc.