Off-market insider buying at Torq Resources (TORQ)

Off-market insider buying at Torq Resources (V:TORQ)

Gold Fields Atacama Holdings Inc., a 10% Holder, acquired 5,678,020 Common Shares on a direct ownership basis at a price of $0.230 through a prospectus or prospectus exempt offering on January 4th, 2024. The insider also acquired 5,678,020 Warrants with an exercise price of $0.300 through a prospectus or prospectus exempt offering on January 4th, 2024. This represents a $1,305,945 investment into the company's shares and an account share holdings change of 37.9%.

Two other insiders also participated in the financing in smaller amounts.

Torq Resources is in the Diversified Mining Sub Industry Group under the Basic Materials Sector.

Torq Resources Inc. is a Canada-based copper and gold exploration company with a portfolio of holdings in Chile. Its projects include Santa Cecilia, Margarita and Andrea. The Santa Cecilia project is located approximately 100 kilometers (km) east of the city of Copiapo, Chile, in the southern region of the Maricunga belt and immediately north of the El Indio belt. The property covers over 3,250 hectares (ha) and is immediately adjacent to the Norte Abierto project. The Margarita Iron-Oxide-Copper-Gold (IOCG) project is situated in Chile, over 65 km north of the city of Copiapo. The Margarita project is comprised of approximately 1,245 ha. The Andrea copper porphyry project is situated in northern Chile, over 100 km east of the city of La Serena. The property is located at the western margin of the Miocene aged El Indio belt that hosts the El Indio and Pascua Lama epithermal gold and silver deposits. The Andrea project covers over 1,200 ha at elevations ranging from 3900-4900 meters.