Torq Completes $4.5 Million First Tranche of Private Placement
TSX.V: TORQ | OTCQX: TRBMF 600 – 1199 West Hastings Street, Vancouver, BC, Canada V6E 3T5
Torq Completes $4.5 Million First Tranche of Private Placement
VANCOUVER, BC – March 1, 2022 – Torq Resources Inc. (TSX-V: TORQ, OTCQX: TRBMF) (“Torq” or the “Company”)
is pleased to announce that it has completed a C$4.5 million first tranche of its $5 million non-brokered private
placement of $0.75 equity units , the amended terms of which were announced February 15, 2022. The Company
intends to use the net proceeds to fund exploration at the Company’s portfolio of projects in Chi le, for ongoing
project costs and for general working capital.
A Message from Shawn Wallace, Executive Chair & Director:
“I would like to thank shareholders and all those who are participating in our financing for their patience and
support during this unforeseen turbulent time. We are looking forward to advancing our flagship Santa Cecilia
gold-copper project to drill stage in the coming months.”
ON BEHALF OF THE BOARD,
Shawn Wallace
Executive Chair
For further information on Torq Resources, please contact Natasha Frakes, Vice President of Communications 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 dee med “forward-looking statements”. Forward -looking information is
information includes the statement that completion of the financing is imminent as risks to completion include the unknown
effects on capital markets of potentially escalating European politi cal tensions and the enforceability of executed subscription
agreements.
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.