Torq Resources Files Shareholders Meeting Proxy Circular and Extends Financing Window
Torq Resources has filed its management information circular and meeting materials for the annual and special shareholders meeting scheduled for January 10, 2025. The meeting will address the election of directors, appointment of auditors, equity incentive plan, and seek disinterested shareholders' approval for the Santa Cecilia Project earn-in agreements with Gold Fields affiliate.
Due to ongoing postal strikes in Canada, shareholders may experience delays in receiving materials. Alternative voting methods are available through Computershare Trust Company. The company is seeking to extend its CAD$0.08 equity unit private placement deadline to January 13, 2025, aiming to raise up to CAD$2 million.
Torq Resources ha presentato il suo circolare informativa di gestione e i materiali per l'incontro annuale e speciale degli azionisti, previsto per il 10 gennaio 2025. L'incontro affronterà l'elezione dei membri del consiglio, la nomina dei revisori contabili, il piano di incentivi azionari e chiederà l'approvazione degli azionisti non interessati per i contratti di earn-in del Progetto Santa Cecilia con un'affiliata di Gold Fields.
In seguito a scioperi postali in corso in Canada, gli azionisti potrebbero riscontrare ritardi nella ricezione del materiale. Sono disponibili metodi di voto alternativi tramite Computershare Trust Company. La società sta cercando di estendere la scadenza per il collocamento privato di unità azionarie di CAD$0,08 al 13 gennaio 2025, con l'obiettivo di raccogliere fino a CAD$2 milioni.
Torq Resources ha presentado su circular de información de gestión y los materiales para la reunión anual y especial de accionistas programada para el 10 de enero de 2025. La reunión abordará la elección de directores, la designación de auditores, el plan de incentivos de capital y buscará la aprobación de los accionistas no interesados para los acuerdos de earn-in del Proyecto Santa Cecilia con una afiliada de Gold Fields.
Debido a las huelgas postales en curso en Canadá, los accionistas pueden experimentar retrasos en la recepción de materiales. Se encuentran disponibles métodos de votación alternativos a través de Computershare Trust Company. La compañía busca extender la fecha límite de su colocación privada de unidades de capital de CAD$0.08 al 13 de enero de 2025, con el objetivo de recaudar hasta CAD$2 millones.
Torq Resources는 2025년 1월 10일로 예정된 연례 및 특별 주주 총회를 위한 관리 정보 회람 및 회의 자료를 제출했습니다. 이번 회의에서는 이사 선출, 감사 임명, 자본 인센티브 계획을 논의하며, Gold Fields 계열사와의 산타 세실리아 프로젝트의 Earn-in 계약에 대해 이해 관계가 없는 주주들의 승인을 요청할 것입니다.
캐나다에서의 우편 파업으로 인해 주주들이 자료 수신에 지연을 겪을 수 있습니다. Computershare Trust Company를 통해 대체 투표 방법이 가능합니다. 회사는 CAD$0.08 자본 단위 사모 배정 마감일을 2025년 1월 13일로 연장하려 하고 있으며, 최대 CAD$200만을 모금할 계획입니다.
Torq Resources a déposé sa circulaire d'information de gestion et les documents pour l'assemblée générale annuelle et exceptionnelle des actionnaires prévue pour le 10 janvier 2025. L'assemblée abordera l'élection des directeurs, la nomination des commissaires aux comptes, le plan d'incitation en capital, et demandera l'approbation des actionnaires non intéressés pour les accords d'earn-in du Projet Santa Cecilia avec une filiale de Gold Fields.
En raison des grèves postales en cours au Canada, les actionnaires peuvent connaître des délais dans la réception des matériaux. Des méthodes de vote alternatives sont disponibles via Computershare Trust Company. La société cherche à prolonger la date limite de son placement privé d'unités de capital de CAD$0,08 jusqu'au 13 janvier 2025, visant à lever jusqu'à CAD$2 millions.
Torq Resources hat seinen Management-Informationsrundbrief und die Unterlagen für die jährliche und außerordentliche Hauptversammlung der Aktionäre, die für den 10. Januar 2025 angesetzt ist, eingereicht. Die Versammlung wird die Wahl der Direktoren, die Ernennung von Wirtschaftsprüfern, den Aktienanreizplan behandeln und die Zustimmung der nicht interessierten Aktionäre zu den Earn-in-Vereinbarungen des Santa Cecilia Projekts mit einer Tochtergesellschaft von Gold Fields einholen.
Aufgrund laufender Poststreiks in Kanada kann es bei den Aktionären zu Verzögerungen beim Erhalt der Materialien kommen. Alternative Abstimmungsmöglichkeiten sind über Computershare Trust Company verfügbar. Das Unternehmen strebt an, die Frist für die CAD$0,08 Privatplatzierung von Eigenkapital bis zum 13. Januar 2025 zu verlängern, um bis zu CAD$2 Millionen einzusammeln.
- Potential to raise up to CAD$2 million through private placement
- Strategic partnership with Gold Fields (14.87% shareholder) for Santa Cecilia Project
- Postal strike may delay shareholder meeting and voting process
- Need for extension of financing window indicates potential fundraising challenges
VANCOUVER, BC / ACCESSWIRE / December 9, 2024 / Torq Resources Inc. (TSXV:TORQ)(OTCQB:TRBMF) ("Torq" or the "Company") announces that Torq has today filed at www.sedarplus.ca its management information circular ("Circular"), notice of meeting and form of proxy (together, the "Meeting Materials") prepared in connection with Torq's annual and special shareholders Meeting currently scheduled for January 10, 2025.
At the Meeting, Torq will, in addition to the annual election of directors, appointment of auditors and consideration of an equity incentive plan, seek disinterested shareholders' approval for the definitive Santa Cecilia Project earn-in agreements signed with an affiliate of Gold Fields and announced December 2, 2024. These agreements constitute a "related party transaction" under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") by virtue of Gold Field's current
The Company is aware that, due to the ongoing postal strike in Canada, some shareholders may experience a delay in receiving the Meeting Materials. Shareholders are encouraged to view electronic versions of the Meeting Materials at the Company's website at https://www.torqresources.com/investors/investor-package/ or under the Company's SEDAR+ profile at www.sedarplus.ca. Registered shareholders who wish to vote at the Meeting by proxy may contact Computershare Trust Company at 1-800-565-6253 to obtain their control number and can vote online at www.investorvote.com, or by telephone voting at 1-866-732-8683. Any Shareholder who wishes to receive a paper copy of the Meeting Materials, should contact the Company at Suite 1400, 1199 West Hastings Street, Vancouver, British Columbia, V6E 3T5, Toll-Free 1-800-863-8655 or Tel: 778-729-0500, or by fax: 778-729-0650. Beneficial holders who hold their shares through a broker and have not received information should contact their broker representative for instructions on how to vote. Proxies completed and signed should be forwarded by the voting deadline at 10:00am (PST) on January 8, 2024.
In the event that the current Canadian postal strike makes holding this Meeting on time impossible, Torq will either reschedule it or seek to rely on an exemption under MI 61-101 from having to hold the disinterested vote given the impact of a delay on Torq's financial position. An updating announcement will be made once the strike has ended. Torq may also elect, in lieu of a formal disinterested shareholder vote, to proceed by way of written consents from a majority of disinterested shareholders, all of whom fully support the Gold Fields earn-in.
Torq will also be seeking TSX Venture Exchange approval to extend the period for completing the CAD
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 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 www.torqresources.com.
Forward Looking Information
This release includes certain statements that may be deemed "forward-looking statements". Forward-looking information in this release includes statements that relate to the approval by shareholders of definitive agreements with respect to a joint venture on the Santa Cecilia Project with Gold Fields and the proposed
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Torq Resources Inc.
View the original press release on accesswire.com
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