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Torq Resources Plans C$1.5 Million Capital Raise
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Torq Resources Plans C$1.5 Million Capital Raise

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

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Torq Resources Inc. has announced a private placement aiming to raise up to C$1.5 million by offering 15 million units at $0.10 each. The financing includes warrants exercisable at $0.15 per share within 12 months post-closing, with an acceleration clause if share prices hit $0.30 for 10 consecutive days. Funds raised will support general working capital, with the offering set to close by May 30, 2024, subject to certain conditions and approvals.

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

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