Torq Announces C$1.25 Million Financing and Loan Extension
Torq Announces C$1.25 Million Financing and
Loan Extension
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES
VANCOUVER, BC / ACCESS Newswire / August 19, 2026 / Torq Resources Inc.
(TSXV:TORQ)(OTCQB:TRBMF) ("Torq" or the "Company") announces that it is has arranged certain lead
investors for a portion of a proposed non-brokered private placement financing to raise not less than
C$1.25 million from the sale of at least 25 million Torq equity units priced at $0.05 each ("Units"). Each
Unit consists of a common share in Torq's capital ("Shares") plus a three-year warrant ("Warrants") to
acquire a Share at a price of C$0.10 per Share (the "Placement"). Completion of the Placement is a
condition to a 6-month extension of the Company's C$2.8 million loan owed to 191010 Investments
Limited which came due July 11, 2026. The six-month extension will run from completion of the
Placement. The consideration for the extension is that the Lender will be granted 56 million one-year
warrants exercisable at $0.05 per Share ("Loan Extension Warrants"). Both the Placement and Loan
Extension Warrants are subject to TSX Venture Exchange approval.
The Company intends to use the net proceeds from the Placement for general working capital.
The Placement may be completed in multiple tranches and is subject to receipt of executed subscription
agreements and funds as well as customary closing conditions, including conditional approval from the
TSX Venture Exchange. Completion of the placement is targeted for late August 2026.
In accordance with applicable securities laws, the Units issued under the Placement will be sold to
accredited investors or other investors who are exempt from prospectus requirements and will be subject
to a four-month hold period in Canada. The Loan Extension Warrants and underlying Shares will also be
subject to a four-month hold period in Canada. While the Placement is non-brokered, the Company may
pay a cash finder's fee equal to 6.0% of the gross proceeds and issue non-transferrable finder's warrants
equal to 6.0% of the number of Units sold under the Placement ("Finders Warrants") to eligible persons
who refer participating investors to the Company, where permitted by applicable law and in accordance
with the policies of the TSXV . Each finder's warrant will entitle the holder thereof to purchase one
common share of the Company at the exercise price of C$0.10 for a period of 36 months from the closing
date of the Placement.
Any participation of Torq insiders in the Placement will be subject to exemption from valuation and
minority shareholder approval requirements of Multi-lateral Instrument 61-101.
The securities of the Company have not been, nor will they be, registered under the United States
Securities Act of 1933, as amended, or any state securities laws, and may not be oƯered or sold in the
United States, or to or for the account or benefit of any person in the United States, absent registration or
an applicable exemption from the registration requirements. This press release shall not constitute an
oƯer to sell or the solicitation of an oƯer to buy any common shares in the United States, or in any other
jurisdiction in which such oƯer, solicitation or sale would be unlawful. Resales of Shares, Warrants, Loan
Extension Warrants, Finders Warrants and underlying Shares within the United States will be restricted in
accordance with applicable law.
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 [email protected].
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 intended completion of the
Placement. 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 diƯerent (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) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Torq Resources Inc.