What next for Torq? ...as decided, based upon the scale and risk of the opportunities, that West Mercur and Newfoundland do not meet the Company’s strict geological requirements. The projects will no longer represent a financial obligation for Torq, allowing the Company to focus on the acquisition of projects that will deliver the highest shareholder value. Torq is currently reviewing several opportunities.
A Statement from Michael Kosowan, President and CEO:
“The Company is well-financed with over $13M in its treasury. In these opportunistic markets, we are confident in making more accretive acquisitions that will lead to a world-class gold discovery.”