VANCOUVER, BC / ACCESSWIRE / June 23, 2022 / Torq Resources Inc. (TSXV:TORQ, Financial)(OTCQX:TRBMF, Financial) ("Torq" or the "Company") announces that it has obtained a commitment from an arms-length lender to provide a C$3 million two-year credit facility of which $500,000 will be advanced to the Company immediately. Amounts drawn under the facility are subject to 9% pa interest. In consideration for the grant of the facility, the Company has agreed to pay the lender, 191010 Investments Limited,an entitywhich is affiliated with a current shareholder, a 1% commitment fee and issue 4,347,826 share purchase warrants exercisable at C$0.69 per common share for a two-year period.
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