NR_Dec 5, 2005... 3Ms Private Placement!12/05/05 10:54:57 ET
Torch River Announces a Non-Brokered Private Placement
SASKATOON, SASKATCHEWAN--(CCNMatthews - Dec. 5, 2005) - Torch River Resources Ltd. (TSX VENTURE:TCR) ("Torch") announces a non-brokered private placement of up to 3,000,000 Units at $0.20 per Unit. Such Units are to be comprised of one Common Share and one Warrant to purchase an additional Common Share of Torch at a price of $0.26, exercisable within a twelve (12) month period. The private placement is expected to close on or about January 2, 2006. This private placement is a separate and unrelated private placement from the private placement announced by Torch on October 12, 2005.
The proceeds of the private placement will be used as working capital to fund the continued work program, on the mineral properties held by Torch. The private placement is subject to receipt of all necessary regulatory approvals.
Torch is a company listed and trading on the TSX Venture Exchange, symbol: TCR.
FOR FURTHER INFORMATION PLEASE CONTACT:
Torch River Resources Ltd.
Mr. Ronald M. Burko
President
(306) 978-4444
Website: www.torchriver.ca
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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