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Torq Clarifies Finder’s Warrant Exercise Price of $0.10 Financing

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Torq Resources Inc. (TSX-V:TORQ)(OTCQB:TRBMF) has issued a clarification regarding the terms of the finder's warrants announced in their May 7, 2024 news release. The correct exercise price for the finder's warrant is $0.10. All other terms remain unchanged from the warrants issued in the private placement. This clarification aims to provide accurate information to investors and stakeholders about the company's financial instruments.

Torq Resources Inc. (TSX-V:TORQ)(OTCQB:TRBMF) ha emesso una chiarificazione riguardo ai termini delle opzioni di acquisto per i finder annunciate nel loro comunicato stampa del 7 maggio 2024. Il prezzo di esercizio corretto per l'opzione di acquisto del finder è di $0,10. Tutti gli altri termini rimangono invariati rispetto alle opzioni emesse nell'offerta privata. Questa chiarificazione ha lo scopo di fornire informazioni accurate agli investitori e alle parti interessate riguardo agli strumenti finanziari dell'azienda.

Torq Resources Inc. (TSX-V:TORQ)(OTCQB:TRBMF) ha emitido una aclaración sobre los términos de las opciones de compra del finder anunciadas en su comunicado de prensa del 7 de mayo de 2024. El precio de ejercicio correcto para la opción de compra del finder es de $0.10. Todos los demás términos permanecen sin cambios respecto a las opciones emitidas en la colocación privada. Esta aclaración tiene como objetivo proporcionar información precisa a los inversionistas y partes interesadas sobre los instrumentos financieros de la empresa.

Torq Resources Inc. (TSX-V:TORQ)(OTCQB:TRBMF)는 2024년 5월 7일 발표된 보도 자료에서 발표된 찾아보는 보증서의 조건에 대한 명확한 설명을 발표했습니다. 찾아보는 보증서의 올바른 행사 가격은 $0.10입니다. 다른 모든 조건은 사모 배치에서 발행된 보증서와 동일하게 유지됩니다. 이 명확한 설명은 회사의 금융 상품에 대한 투자자 및 이해 관계자들에게 정확한 정보를 제공하기 위한 것입니다.

Torq Resources Inc. (TSX-V:TORQ)(OTCQB:TRBMF) a émis une clarification concernant les modalités des bons de souscription du finder annoncés dans leur communiqué de presse du 7 mai 2024. Le prix d'exercice correct pour le bon de souscription du finder est de 0,10 $. Tous les autres termes demeurent inchangés par rapport aux bons de souscription émis dans le cadre du placement privé. Cette clarification vise à fournir des informations précises aux investisseurs et aux parties prenantes concernant les instruments financiers de l'entreprise.

Torq Resources Inc. (TSX-V:TORQ)(OTCQB:TRBMF) hat eine Klarstellung zu den Bedingungen der Finder-Warrants veröffentlicht, die in ihrer Pressemitteilung vom 7. Mai 2024 angekündigt wurden. Der korrekte Ausübungspreis für das Finder-Warrant beträgt 0,10 $. Alle anderen Bedingungen bleiben unverändert gegenüber den in der Privatplatzierung ausgegebenen Warrants. Diese Klarstellung zielt darauf ab, den Investoren und Interessengruppen genaue Informationen über die finanziellen Instrumente des Unternehmens bereitzustellen.

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VANCOUVER, BC / ACCESSWIRE / September 20, 2024 / Torq Resources Inc. (TSX-V:TORQ)(OTCQB:TRBMF) ("Torq" or the "Company") would like to clarify the terms of the finder's warrants announced in the May 7, 2024 news release. The correct exercise price for the finder's warrant is $0.10. All other terms are the same as the warrants issued in the private placement.

ON BEHALF OF THE BOARD,

Shawn Wallace
CEO & Chair

For further information on Torq Resources, please visit www.torqresources.com or contact the company at (778) 729-0500 or info@torqresources.com.

About Torq Resources

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 valuable 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 www.torqresources.com.

Forward Looking Information

This release includes certain statements that may be deemed "forward-looking statements". Forward-looking information in this release are statements that relate to 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 www.sedarplus.ca for disclosure of the risks and uncertainties faced in this business.

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.

SOURCE: Torq Resources



View the original press release on accesswire.com

FAQ

What is the correct exercise price for Torq Resources' finder's warrant announced on May 7, 2024?

The correct exercise price for Torq Resources' (TRBMF) finder's warrant announced on May 7, 2024, is $0.10.

Has Torq Resources (TRBMF) made any changes to the other terms of the finder's warrants?

No, Torq Resources (TRBMF) has not made any changes to the other terms of the finder's warrants. All other terms remain the same as the warrants issued in the private placement.

When did Torq Resources (TRBMF) issue the clarification about the finder's warrant exercise price?

Torq Resources (TRBMF) issued the clarification about the finder's warrant exercise price on September 20, 2024.

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