Torq Resources (TSX.V:TORQ – OTCQX:TRBMF) announced major news last week on September 6th. The Company secured a C$15million investment from Gold Fields, at over a 20% premium to the share price that will bring Gold Fields up to a 15% shareholder (undiluted basis) of Torq Resources. Within this news was also a 7-year community agreement at the Santa Cecilia Project which enables the Company to move ahead with its exploration plans.
Shawn Wallace, Executive Chairman of Torq Resources and Michael Henrichsen, Chief Geologist, join us to highlight the financing with Gold Fields and the big picture work plans moving forward. In terms of news-flow the Company is waiting on results for around 4,000 meters of drill core from the Margarita Project.
If you have any follow up questions for the team at Torq please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to read over the full news release outlining the strategic investment by Gold Fields.