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Torq Resources Inc V.TORQ

Alternate Symbol(s):  TRBMF

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

Bullboard Posts
Comment by PeterPiperon Jan 28, 2010 3:30pm
219 Views
Post# 16729668

RE: NBF finished buying?

RE: NBF finished buying?First of all the Date of Record is past, it was January 25.  Any buying after this date will not effect the vote.  In other words, the deal is now either a go or a no-go, unless of course people change their minds before Feb 26.

National Bank picked up around 1.5 million between the announcement of the deal and Jan 25, about 45% of all the shares bought.  They have bought another 400K since.  This suggests that this is not someone accumulating "Yes" shares, but rather someone anticipating a better offer.  Hope they are right!

Piper
Bullboard Posts