16:51:18 EDT Tue 21 May 2024
Enter Symbol
or Name
USA
CA



Torq Resources Inc
Symbol TORQ
Shares Issued 133,574,990
Close 2024-02-28 C$ 0.185
Market Cap C$ 24,711,373
Recent Sedar Documents

Torq Resources hires ITG for market-making services

2024-02-28 20:01 ET - News Release

Mr. Shawn Wallace reports

TORQ ENGAGES INDEPENDENT TRADING GROUP AS MARKET MAKER

Torq Resources Inc. has engaged the services of Independent Trading Group (ITG) to provide market-making services in accordance with policies of the TSX Venture Exchange. ITG will trade shares of the company on the TSX-V with the objective of maintaining a reasonable market and improving the liquidity of the company's common shares.

Under the agreement, ITG will receive compensation of $6,000 per month, payable monthly in advance for market-making services, primarily to be conducted by ITG's market-maker, David Paterson Sears. The agreement is for an initial term, which is a minimum of one month, and is renewable for additional one-month terms unless terminated. The agreement may be terminated by either party by providing written notice of termination of at least 30 days of notice prior to the end of the then current term. There are no performance factors contained in the agreement and ITG will not receive shares or options as compensation. ITG and the company are unrelated and unaffiliated entities and at the time of the agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the company.

About Independent Trading Group (ITG) Inc.

ITG is a Toronto-based IIROC (Investment Industry Regulatory Organization of Canada) dealer-member that specializes in market-making, liquidity provision, agency execution, ultralow-latency connectivity and bespoke algorithmic trading solutions. Established in 1992, with a focus on market structure, execution and trading, ITG has leveraged its own proprietary technology to deliver high-quality liquidity provision and execution services to a broad array of public issuers and institutional investors.

About Torq Resources Inc.

Torq is a Vancouver-based copper and gold exploration company with premium mineral projects in Chile. The company is establishing itself as a leader of new exploration in prominent mining belts, guided by responsible, respectful and sustainable practices. The company was built by a management team with prior success in monetizing exploration assets and its specialized technical team is recognized for their extensive experience working with major mining companies, supported by robust safety standards and technical proficiency. The technical team includes Chile-based geologists with invaluable local expertise and a noteworthy record for major discovery in the country. Torq is committed to operating at the highest standards of applicable environmental, social and governance practices in the pursuit of a landmark discovery.

We seek Safe Harbor.

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