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 prairieboy1on Feb 22, 2010 2:03pm

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Post# 16807376

Financing Condition??????

"Under the Arrangement, you will receive CDN $.30 in cash at the effective time of the Arrangement in respect of each of your Company Shares. The Arrangement does not include a financing condition."

Does anyone know how to decipher this sentence? What the %$$%% does this mean???? I know it is for $.30, but the same rules probably hold true for what is on today.

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