Torq Resources Announces $2 Million Private Placement

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

Torq Resources Inc. has announced a private placement aiming to raise up to $2 million by selling units at $0.08 each, with added warrants allowing further share purchase at $0.16. The funds will support general working capital, and the securities come with a four-month hold period in Canada, along with potential cash finder’s fees and finders’ warrants.

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