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Torq Implements Cash Preservation Measures, Announces Board and Management Changes

Torq Implements Cash Preservation Measures, Announces Board and Management Changes

Torq 實施現金保值措施,宣佈董事會和管理層變動
Accesswire ·  03/25 21:00

VANCOUVER, BC / ACCESSWIRE / March 25, 2024 / Torq Resources Inc. (TSX-V:TORQ)(OTCQX:TRBMF) ("Torq" or the "Company") announces that effective immediately the Company has implemented cash preservation measures including an immediate 50% pay cut for all salaried North American senior executives, a deferral of those reduced salaries until a financing permits payment and a deferral of all directors cash compensation. The Company will also effect reductions of all non-essential employees and contractors and intends to consolidate its Vancouver office operations into a combination of remote working and relocation to the Santiago offices, where the Company's technical team, physical assets and exploration activities are centered.

不列顛哥倫比亞省溫哥華/ACCESSWIRE/2024年3月25日/Torq Resources Inc.(TSX-V: TORQ)(OTCQX: TRBMF)(“Torq” 或 “公司”)宣佈,公司已實施現金保值措施,包括立即對所有受薪的北美高級管理人員減薪50%,將減薪推遲到融資允許支付以及推遲所有董事的現金補償。該公司還將裁減所有非必要員工和承包商,並打算將其溫哥華辦事處業務整合爲遠程辦公和搬遷到聖地亞哥辦公室相結合,公司的技術團隊、實物資產和勘探活動集中在聖地亞哥辦事處。

The Company also announces that director, Jeffrey Mason, and Chief Geological Officer (CGO), Michael Henrichsen, have resigned their respective positions with the Company, effective immediately, to pursue other business interests. The Board would like to thank Michael and Jeffrey for their contributions over the years and wishes them success in their future endeavors. The Company will not in the near term appoint a replacement CGO given the strength of the Chilean technical team.

該公司還宣佈,董事傑弗裏·梅森和首席地質官(CGO)邁克爾·亨裏希森已辭去各自在公司的職務,立即生效,以追求其他商業利益。董事會要感謝邁克爾和傑弗裏多年來的貢獻,並祝願他們在未來的工作中取得成功。鑑於智利技術團隊的實力,該公司在短期內不會任命替代CGO。

The Company has also decided to drop its option on the Andrea project in order to focus and prioritize its capital allocation to its more advanced Margarita and the Santa Cecilia projects, where the latter is currently wrapping up its second exploration focused drill program.

該公司還決定放棄對安德里亞項目的選擇權,以便將其資本配置重點放在更先進的瑪格麗塔和聖塞西莉亞項目上,後者目前正在完成其第二個以勘探爲重點的鑽探計劃。

Shawn Wallace, Chair and CEO, commented, "we are undertaking these cash preservation measures, including reduction and/or deferral of executive and board compensation, while we explore financing options. The Board is grateful for the support from executives and fellow Board members, who are all committed to ensuring continued solid technical performance and value creation for shareholders. Mr. Wallace added, "I would like to thank Jeffrey and Michael, both personally and on behalf of the Board, for their many contributions to the Company over the last several years. Management and the Board are working with the Company's stakeholders, as well as financial and other advisors, and are considering which financing options may be the most accretive. We believe the exploration results achieved at both Margarita and Santa Cecilia are currently under-appreciated and that financing will be obtainable in due course".

董事長兼首席執行官肖恩·華萊士評論說:“我們正在採取這些現金保存措施,包括減少和/或延期高管和董事會薪酬,同時我們正在探索融資方案。董事會感謝高管和其他董事會成員的支持,他們都致力於確保持續穩健的技術表現和爲股東創造價值。華萊士補充說:“我要感謝傑弗裏和邁克爾個人以及代表董事會在過去幾年中爲公司做出的許多貢獻。管理層和董事會正在與公司的利益相關者以及財務和其他顧問合作,並正在考慮哪些融資選擇可能最具吸引力。我們認爲,瑪格麗塔和聖塞西莉亞取得的勘探結果目前都被低估了,這筆資金將在適當的時候獲得”。

ON BEHALF OF THE BOARD,

代表董事會,

Shawn Wallace
CEO & Chair

肖恩華萊士
首席執行官兼主席

For further information on Torq Resources, please visit or contact Natasha Frakes, Vice President of Communications, at (778) 729-0500 or info@torqresources.com.

有關 Torq Resources 的更多信息,請訪問或致電 (778) 729-0500 或 info@torqresources.com 聯繫傳播副總裁娜塔莎·弗雷克斯。

About Torq Resources

關於 Torq 資源

Torq is a Vancouver-based copper and gold exploration company with a portfolio of premium holdings 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 track 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. For more information, visit .

Torq是一家總部位於溫哥華的銅和黃金勘探公司,在智利擁有優質資產組合。該公司以負責任、尊重和可持續的做法爲指導,正在將自己確立爲主要採礦帶新勘探的領導者。該公司由一支管理團隊建立,此前曾成功地將勘探資產貨幣化,其專業技術團隊因其在與主要礦業公司合作的豐富經驗以及嚴格的安全標準和技術能力的支持下而獲得認可。該技術團隊包括駐智利的地質學家,他們擁有寶貴的當地專業知識,在該國有着顯著的重大發現記錄。Torq 致力於按照適用的環境、社會和治理實踐的最高標準運營,以追求具有里程碑意義的發現。欲了解更多信息,請訪問。

Forward Looking Information

前瞻性信息

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 cost reductions, potential future financings and 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. See Torq's public filings at for disclosure of the risks and uncertainties faced in this business.

本新聞稿包括某些可能被視爲 “前瞻性陳述” 的陳述。前瞻性信息是指包括隱含的未來業績和/或預測信息的信息,包括與成本降低、潛在的未來融資、礦產勘探和/或開發有關或相關的信息。這些陳述或圖形信息涉及已知和未知的風險、不確定性和其他因素,這些因素可能導致公司的實際業績、業績或成就與此類前瞻性陳述所表達或暗示的任何未來業績、業績或成就存在重大差異(正面或負面)。有關該業務面臨的風險和不確定性的披露,請參閱Torq的公開文件。

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.

多倫多證券交易所風險投資交易所及其監管服務提供商(該術語在多倫多證券交易所風險投資交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。

SOURCE: Torq Resources Inc.

來源:Torq Resources Inc.


譯文內容由第三人軟體翻譯。


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