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The company said it will issue an aggregate of 15,000,000 Torq common shares at $1.00, which represents a 23% premium to the 20-day average trading price of Torq‘s common shares on the TSX Venture Exchange, ending September 2, 2022. According to a press-release, the funds will be used to advance Torq‘s portfolio of projects in Chile, primarily its Santa Cecilia gold-copper project, where the company has recently signed a 7-year social access agreement, which covers the length of the underlying option agreement and most importantly will allow for drilling and other exploration activities to commence.