Torque was incorporated on 16 August 2017 specifically to explore and, where considered economically positive, to develop gold mines in, and around, the historic gold province centered on the town of Bullfinch, which lies approximately 40 kms North of the town of Southern Cross, midway between Perth and Kalgoorlie in Western Australia.
Torque recently concluded the purchase of a number of contiguous mineral tenements (aggregating approximately 405 km2 ) from Talga Resources Limited. It has subsequently applied for and was granted an adjoining Exploration Licence (EL77/2522) to the East of the Talga ground, covering an area of approximately 210 km2 . The Company, therefore, has 100% ownership of 615 km2 of the highly prospective Bullfinch gold province.
The purpose of the capital raising under this IPO is to raise a minimum of $4,500,000 and a maximum of $7,000,000 (before costs). The proceeds of this capital raising are intended to be applied primarily towards evaluation and exploration of the Bullfinch project, as well as administration, administration and general working capital and corporate overheads.
Pay by: 30 November 18
List Price: $0.20
Minimum Investment: $2,000
Maximum Investment: $10,000