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Torq Resources Inc V.TORQ

Alternate Symbol(s):  TRBMF

Metals & Mining Industrial Metals & Minerals
Torq Resources Inc. is a Canada-based copper and gold exploration company with a portfolio of holdings in Chile. The Company's projects include Santa Cecilia and Margarita. The Santa Cecilia mineral exploration project is a 3,250-hectare property located approximately 100 kilometers (kms) east of the city of Copiapo, Chile, in the southern region of the world-class Maricunga belt and immediately north of the El Indio belt. The belt is characterized by gold epithermal and gold-copper porphyry deposits. The Margarita Iron-Oxide-Copper-Gold (IOCG) project is comprised of approximately 1,445 hectares and is located in Chile, 65 kms north of the city of Copiapo with access to infrastructure. The property is located within the prolific Coastal Cordillera belt that hosts the world-class Candelaria (Lundin Mining Corp.) and Mantoverde (Mantos Copper Holding) IOCG mines, and porphyry-skarn deposits such as Santo Domingo (Capstone Mining Corp.) and Inca de Oro (PanAust/Codelco).


TSXV:TORQ - Post by User

Torq Resources Inc
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Post by jsnfernleyon Jan 15, 2010 11:58am
198 Views
Post# 16683646

Federal Signal's Cash for Purchase?

Federal Signal's Cash for Purchase?Federal Signal Announces Sale of Industrial Lighting Business
11/30/2009 7:00 AM - PR Newswire

OAK BROOK, Ill., Nov 30, 2009 /PRNewswire-FirstCall via COMTEX News Network/ --

FederalSignal Corporation (NYSE: FSS), a leader in advancing security andwell-being for communities and workplaces around the world, todayannounced it has completed the sale of its industrial lightingmanufacturer subsidiary, Pauluhn, to the Cooper Crouse-Hinds divisionof Cooper Industries plc (NYSE: CBE) for $35 million.

This wasn't in the Q3 financials so I missed it.  As I stated in my prior post, they just aren't generating much cash based on what they're showing in Q3--this is probably a big chunk of the $48m needed.

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities