Torq Resources Updates Shareholders on Proxy Circular and Financing Extension

Vancouver-based Torq Resources Inc. has filed its management information circular and related materials online for its upcoming shareholders meeting. Set for January 10, 2025, the meeting will address key issues, including director elections, auditor appointments, and an equity incentive plan. Importantly, disinterested shareholders are expected to approve the Santa Cecilia Project agreements with Gold Fields, a related party transaction under Canadian regulations due to Gold Fields' 14.87% shareholding in Torq.

Torq emphasizes that a Canadian postal strike may delay the reception of these documents. Shareholders can access electronic versions of the meeting materials on Torq's website or SEDAR+. Voting can be conducted online, by phone, or by requesting paper copies directly from the company. In case the strike hinders meeting proceedings, Torq plans to adjust its strategy or seek exemptions under specific Canadian regulations.

The company is also seeking approval to extend its private placement deadline to January 13, 2025, aimed at raising CAD$2 million.