Torq Resources to Raise C$2 Million, Settle Debts and Extends Credit Facility
Torq Resources Inc. (TSXV:TORQ)(OTCQB:TRBMF) ("Torq" or the "Company") announces that it is undertaking a non-brokered private placement of 33.33 million equity units of the Company (the "Units") at an offering price of CAD$0.06 per Unit for gross proceeds to the Company of $2 million (the "Offering"). Each Unit will consist of one common share (a "Share") and one full common share purchase warrant (each, a "Warrant"). Each Warrant will entitle...
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