A Corporate Update from the President & CEO and Results from the 2018 AGM
19 Junio 2018 - 6:00AM
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.
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