Torq Extends Offering Period of $0.10 Financing
Torq Resources Inc. (TSXV:TORQ)(OTCQB:TRBMF) has announced an extension of its $0.10 financing offering period to August 25, 2024. This extension has received conditional approval from the TSX Venture Exchange, subject to customary conditions including the absence of material changes during the extended period. The company notes that raising additional funds remains contingent on the execution of further subscription agreements by investors.
This development suggests that Torq Resources is seeking to secure more capital through its current financing round. The extension provides potential investors with additional time to participate in the offering, which could be important for the company's future operations and growth strategies.
Torq Resources Inc. (TSXV:TORQ)(OTCQB:TRBMF) ha annunciato un'estensione del periodo di offerta del suo finanziamento a $0,10 fino al 25 agosto 2024. Questa estensione ha ricevuto un'approvazione condizionale dalla TSX Venture Exchange, soggetta a condizioni consuete, inclusa l'assenza di cambiamenti materiali durante il periodo prolungato. L'azienda osserva che la raccolta di ulteriori fondi rimane soggetta all'esecuzione di ulteriori contratti di sottoscrizione da parte degli investitori.
Questo sviluppo suggerisce che Torq Resources stia cercando di garantire più capitale attraverso il suo attuale round di finanziamento. L'estensione offre agli investitori potenziali ulteriore tempo per partecipare all'offerta, il che potrebbe essere importante per le operazioni future e le strategie di crescita dell'azienda.
Torq Resources Inc. (TSXV:TORQ)(OTCQB:TRBMF) ha anunciado una extensión de su período de oferta de financing de $0,10 hasta el 25 de agosto de 2024. Esta extensión ha recibido aprobación condicional de la TSX Venture Exchange, sujeta a condiciones habituales, incluida la ausencia de cambios materiales durante el período extendido. La empresa señala que la recaudación de fondos adicionales depende de la ejecución de acuerdos de suscripción adicionales por parte de los inversionistas.
Este desarrollo sugiere que Torq Resources está buscando asegurar más capital a través de su ronda de financiación actual. La extensión ofrece a los inversionistas potenciales más tiempo para participar en la oferta, lo que podría ser importante para las operaciones futuras y las estrategias de crecimiento de la empresa.
Torq Resources Inc. (TSXV:TORQ)(OTCQB:TRBMF)는 자금 조달 제안을 2024년 8월 25일까지 $0.10로 연장한다고 발표했습니다. 이 연장은 TSX Venture Exchange에서 조건부 승인을 받았으며, 연장 기간 동안 주요 변경이 없는 것을 포함한 일반적인 조건에 따라 진행됩니다. 회사는 추가 자금을 모집하는 것은 투자자와의 추가 구독 계약 체결에 따라 달려 있다고 언급했습니다.
이 개발은 Torq Resources가 현재 자금 조달 라운드를 통해 더 많은 자본을 확보하고자 한다는 것을 시사합니다. 연장은 잠재 투자자들에게 제안에 참여할 추가 시간을 제공하며, 이는 회사의 미래 운영 및 성장 전략에 중요할 수 있습니다.
Torq Resources Inc. (TSXV:TORQ)(OTCQB:TRBMF) a annoncé une prolongation de la période d'offre de son financement à 0,10 $ jusqu'au 25 août 2024. Cette prolongation a reçu une approbation conditionnelle de la TSX Venture Exchange, sous réserve de conditions habituelles, y compris l'absence de changements matériels pendant la période prolongée. La société note que la collecte de fonds supplémentaires reste conditionnée à la signature d'accords de souscription supplémentaires par les investisseurs.
Ce développement suggère que Torq Resources cherche à sécuriser davantage de capital via son tour de financement actuel. La prolongation offre aux investisseurs potentiels un temps supplémentaire pour participer à l'offre, ce qui pourrait être important pour les opérations futures et les stratégies de croissance de l'entreprise.
Torq Resources Inc. (TSXV:TORQ)(OTCQB:TRBMF) hat eine Verlängerung des Angebotszeitraums für ihre Finanzierungsrunde von $0,10 bis zum 25. August 2024 angekündigt. Diese Verlängerung hat eine bedingte Genehmigung von der TSX Venture Exchange erhalten, vorbehaltlich der üblichen Bedingungen, einschließlich der Abwesenheit wesentlicher Änderungen während des verlängerten Zeitraums. Das Unternehmen weist darauf hin, dass die Beschaffung zusätzlicher Mittel von der Durchführung weiterer Zeichnungsvereinbarungen durch Investoren abhängt.
Diese Entwicklung deutet darauf hin, dass Torq Resources versucht, mehr Kapital durch die aktuelle Finanzierungsrunde zu sichern. Die Verlängerung gibt potenziellen Investoren zusätzliche Zeit, um an dem Angebot teilzunehmen, was für die zukünftigen Aktivitäten und Wachstumsstrategien des Unternehmens von Bedeutung sein könnte.
- Extension of financing offering period potentially allows for more capital raising
- Conditional approval received from TSX Venture Exchange for the extension
- Need for financing extension may indicate challenges in raising desired funds
- Uncertainty in securing additional subscription agreements from investors
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC / ACCESSWIRE / July 26, 2024 / Torq Resources Inc. (TSXV:TORQ)(OTCQB:TRBMF) ("Torq" or the "Company") is pleased to announce the Company has received conditional TSX Venture Exchange approval to extend the offering to August 25, 2024 subject to customary conditions including the absence of material changes during the extended offering period. Raising any further funds remains subject to the execution of additional subscription agreements by investors.
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 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 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 Inc.
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FAQ
What is the new deadline for Torq Resources' $0.10 financing offering?
Has Torq Resources received approval for the financing extension?
What conditions are attached to Torq Resources' financing extension approval?
Is Torq Resources guaranteed to raise additional funds with this extension?
