Torque Metals Ltd Raises AU$15 Million to Accelerate Drilling at Paris Gold Project
Torque Metals Ltd (ASX: TOR) has successfully secured AU$15 million in a placement, supported by leading global precious metals and natural resource funds. The placement, priced at AU$0.30 per share, involved the issuance of 50 million shares, representing a 3.2% discount to the last traded price of AU$0.31 per share and a 7.6% premium to the 10-day VWAP of AU$0.28 per share. This funding will enable the company to accelerate its aggressive drilling campaign at the flagship Paris Gold Project, a high-grade gold system in a world-class district.
The drilling program will focus on expanding the resource base and exploring new discoveries along the Paris–HHH Observation corridor. Torque’s strong foundation and the commitment of tier-1 global institutions position the company to capitalize on the exceptional exploration potential of the Paris Gold Project, with multiple lodes and significant unexplored strike remaining.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Torque Metals Ltd Raises AU$15 Million to Accelerate Drilling at Paris Gold Project
Torque Metals Ltd (ASX: TOR) has successfully secured AU$15 million in a placement, supported by leading global precious metals and natural resource funds. The placement, priced at AU$0.30 per share, involved the issuance of 50 million shares, representing a 3.2% discount to the last traded price of AU$0.31 per share and a 7.6% premium to the 10-day VWAP of AU$0.28 per share. This funding will enable the company to accelerate its aggressive drilling campaign at the flagship Paris Gold Project, a high-grade gold system in a world-class district.
The drilling program will focus on expanding the resource base and exploring new discoveries along the Paris–HHH Observation corridor. Torque’s strong foundation and the commitment of tier-1 global institutions position the company to capitalize on the exceptional exploration potential of the Paris Gold Project, with multiple lodes and significant unexplored strike remaining.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au