Torq Resources converts C$529,116 debt into shares and warrants

Bitget2026/10/02 02:15

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Torq Resources completed a shares-for-debt settlement totaling $529,116, mainly tied to accrued interest on its $2.8 million loan facility.
Issued 2,261,120 shares to two directors, 240,018 shares to arm’s-length creditors, 8,081,182 units to arm’s-length creditors.
Each unit includes a warrant exercisable until Oct. 1, 2029, to buy one share for C$ 0.10.
Settlement also covered principal and accrued interest on an $84,000 promissory note.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Torq Resources Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202610012215ACCESSWRNAPR_____1230441) on October 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Torq Resources converts C$529,116 debt into shares and warrants

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