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Torq Resources Finalizes Placement and Secures Loan

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Torq Resources Finalizes Placement and Secures Loan

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

Confident Investing Starts Here:

Torq Resources Inc. has announced the successful completion of its non-brokered private placement, raising C$85,000 in the final tranche and securing a $300,000 loan to bolster working capital. The loan adds to a total debt of $2.8 million, accompanied by the issuance of share purchase warrants exercisable until mid-2025, subject to regulatory approval and ownership limitations.

For further insights into TSE:TORQ stock, check out TipRanks’ Stock Analysis page.

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