VANCOUVER, British Columbia, June 19, 2018 (GLOBE NEWSWIRE) -- Torq Resources Inc. (TSX-V:TORQ)
(OTCQX:TRBMF) (“Torq” or the “Company”) held its annual general meeting (the “Meeting”) on
June 14, 2018 and is pleased to announce that the board of directors from the previous year will continue to hold their positions
until the next Meeting.
A Message from Torq’s President and CEO:
Michael Kosowan stated, “One of Torq’s strongest assets is our team. They are the reason we have been able to
stay well capitalized in a challenging market, which has positioned us to take advantage of low-cost but high-value acquisitions.
Torq’s two new assets in Utah are a prime example. They demonstrate our ability to make accretive acquisitions while pursuing an
aggressive exploration program in Newfoundland.”
In regards to the Company’s projects, Mr. Kosowan further stated, “Based on recent mapping and historic surface
results, there appears to be a previously unrecognized gold system at our Speedway project in Utah. This system is considered
similar to deposits found in Nevada because of the sediment-hosted style of gold mineralization. Likewise, at West Mercur we are
seeing Carlin-style mineralization, and our crews are developing an exploration strategy, so watch for news in the coming
weeks.”
“Newfoundland maintains great potential for a high-grade gold scenario in Canada. The high-grade vein sets
we have seen in historic surface results at our Gander block remain largely under cover, but we are focusing our targeting efforts
and will be trenching in the coming months.”
AGM Voting Results:
A total of 24,641,952 of the Company’s common shares (“Common Shares”) were present or represented by proxy at
the Meeting, representing 31.87% of the outstanding common shares. The voting results for the election of directors are as
follows:
Name of Nominee |
Votes For |
Votes For (%) |
Votes Withheld/Abstain |
Votes Withheld/
Abstain (%) |
Michael
Kosowan |
22,620,759 |
99.94 |
% |
13,250 |
0.06 |
% |
Ivan
Bebek |
22,620,759 |
99.94 |
% |
13,250 |
0.06 |
% |
Shawn
Wallace |
21,620,759 |
95.52 |
% |
1,013,250 |
4.48 |
% |
Steve
Cook |
22,630,759 |
99.99 |
% |
3,250 |
0.01 |
% |
Jeffery
Mason |
22,630,759 |
99.99 |
% |
3,250 |
0.01 |
% |
There were 1,799,833 non-votes recorded (but not voted) for each director. Non-votes are discretionary votes
given to a broker by a US beneficial holder but such votes are not allowed under Canadian Securities Regulations.
Torq is on Social Media:
You can now follow Torq Resources on LinkedIn and Twitter for non-material updates and information. The
Company’s LinkedIn profile is titled Torq Resources and can be found at https://www.linkedin.com/company/torq-resources-inc/. Torq’s account on Twitter can be followed
at @TorqResources. For all material news, you can subscribe to receive updates at www.torqresources.com.
Bryan Atkinson, P.Geo and Exploration Manager for Torq is the qualified person as defined in NI 43-101 who is
responsible for the technical contents of this news release.
On Behalf of the Board,
Michael Kosowan
Director, President & CEO
For further information on Torq Resources, please contact Natasha Frakes, Manager of Corporate Communications at
(778) 729-0500 or natasha.frakes@torqresources.com.
About Torq Resources:
Torq Resources Inc. is a junior exploration company with the goal of establishing a tier-one mineral portfolio.
The Company’s management team has raised over $500M and monetized successes in three previous exploration companies. Its initial
asset is a 120,000-hectare land package in Newfoundland, Canada, an emerging gold jurisdiction. Torq is continually reviewing and
acquiring new precious metals targets on the path to discovery.
Forward Looking Information
This release includes certain statements that may be deemed “forward-looking statements”. Forward-looking
information is information that includes implied future performance and/or forecast information including information relating to,
or associated with, exploration and or development of mineral properties. These statements or graphical information involve known
and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company to be
materially different (either positively or negatively) from any future results, performance or achievements expressed or implied by
such forward-looking statements.
Disclaimer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.