Torq Resources Completes Key Private Placement

Torq Resources Inc (TSE:TORQ) has released an update.

Torq Resources Inc. has successfully completed the initial segment of its private placement funding, securing C$464,530 by selling over 4.6 million units at C$0.10 each. The company has extended the offering period until July 26, 2024, and intends to use the proceeds for working capital. Notably, insiders of the company have invested C$150,000 in this tranche, which is in compliance with existing regulations for related party transactions.

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