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Bullboard - Stock Discussion Forum 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... see more

TSXV:TORQ - Post Discussion

Torq Resources Inc > Changes to Board of Directors
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Post by montydog on Nov 26, 2021 4:46pm

Changes to Board of Directors

Torq Announces Changes to Board of Directors

Vancouver, Canada – November 26, 2021 – Torq Resources Inc. (TSX-V: TORQ, OTCQX: TRBMF) (“Torq” or the “Company”) is pleased to announce that Marie-Hlne Turgeon, who served as a Board observer and advisor for the Company, has now been appointed as a Director. Ms. Turgeon is an ESG advisor with extensive experience working in Latin America. Ivan Bebek, a co-founder and a Director, has retired from his role as a Director, due to conflicts with over-boarding, however, he will continue his involvement with Torq as an advisor to the Board of Directors.

A Message from Shawn Wallace, Executive Chair & Director: 

“On behalf of the Board, I would like to thank Ivan for his numerous contributions as a co-founder and Director as we navigated the Company to the path it is now firmly travelling. I look forward to continuing to work with Ivan as we execute our plan to aggressively explore our portfolio of assets over the coming months and years.”

A Message from Ivan Bebek, Co-Founder & Board Advisor: 

“Torq started its pursuit for a world-class exploration asset in 2011, and after a decade of extraordinary efforts, the Company has assembled a globally significant exploration asset and high-quality technical team to drive it forward. The timing of the Santa Cecilia option and the outlook for commodities could not be better aligned for investors.”

“As a major shareholder and co-founder, I look forward to my continued involvement with Torq and remain committed to working closely with management as the Company explores its portfolio of projects in Chile.”

Additional Appointments:

The Company is also pleased to announce that its Board of Directors has appointed Antonio Arribas as an advisor to the Board. Mr. Arribas was formerly Vice President Geoscience at BHP Billiton Minerals Exploration in Singapore (2013), Senior Manager Geosciences at Newmont Mining Corp. in Denver, Colorado (2012) and Exploration Manager South America at Placer Dome Exploration in Reno, Nevada (2006). He is a world-renowned expert on gold-copper-silver deposits with over 20 years of experience in the mineral exploration industry across multiple companies and geographic regions.

In addition, Wesley Gervais has been appointed as Information Security Officer. Mr. Gervais has been working with the Company since its inception, serving as IT manager, and is responsible for data protection strategies and procedures within the organization.

Option Grant:

Torq is issuing incentive share options, subject to customary stock exchange approvals, for the purchase of 115,000 common shares to officers of the Company. The options are exercisable at C$0.86 and expire five years from the date of grant.

 

ON BEHALF OF THE BOARD,

Shawn Wallace
Executive Chairman

For further information on Torq Resources, please contact Natasha Frakes, Vice President of Communications at (778) 729-0500 or info@torqresources.com.

 

Comment by swingtrader45 on Nov 27, 2021 1:10pm
What is going on with this company? I went back and looked at Press Releases and Michael Kosowan stopped issuing them in 2020 when Shawn Wallace seemingly took over by announcing the appojntement of the Chilean Exploration Team. O.K., the pivot makes sense. It appears the company was off doing other things under Michael anyways. And as some of you here have indicated he is still active in behind ...more  
Comment by SSeahawk053 on Nov 27, 2021 6:18pm
I think Juneau would be in a better position to answer this, but what I can answer with a great degree of confidence is that all their moves are strategically planned out. Between the 3 names mentioned they own close to 20 million shares, that's not even saying what their friends and family own. Highly confident also in saying that when financing is triggered it will be quick and I doubt any ...more  
Comment by swingtrader45 on Nov 27, 2021 7:35pm
Thanks SHawk, appreciate your views. Late on Friday Press Releases aren't typically the hallmark of carefully planned news. Nonetheless, I just hope there isn't some wierd ego battle going on where a big Insider block tanks the market. And I guess nobody cares about Margarita anymore??? The bulk of their Options (4.5Million) are at $.85 and expire in 2022 so that would be a good price ...more  
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