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Torch River Closes Private Placement
Published : November 23, 2012
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CALGARY, ALBERTA--(Marketwire - Nov. 23, 2012) - Torch River Resources Ltd. ("Torch" or the "Corporation") (News - Market indicators) (FRANKFURT:WNF) (PINKSHEETS:TORVF) is pleased to announce that it has closed the non-brokered private placement announced September 24, 2012. Torch will issue 4,250,000 common shares (the "Common Shares") at a price of $0.02 per share for gross proceeds of $85,000 (the "Offering"). The Offering consists of one (1) common share in the capital of the Corporation issued and one common share purchase Warrant. Each Warrant entitles the holder to purchase one Common Share of the Corporation at an exercise price of $0.07 in the first year and $0.10 in the second year from the closing of the Offering. 

The proceeds of the private placement will be used for the following activities:

$ 6,500 Annual General Meeting Costs
$ 7,500 Annual General Meeting Cost
$ 2,000 Private Placement Cost
$ 35,000 Operating Expenses for the next five months
$ 4,000 Property Liability Insurance
$ 7,500 Accounts Payable
$ 7,000 Public Company Costs
$ 22,000 Annual Audit, Tax Filings and Reporting

The private placement is subject to receipt of all necessary regulatory approvals.

Torch is a company listed and trading on the TSX Venture Exchange, symbol: TCR.

NEITHER 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.

Torch River Resources Ltd.
William E. Pfaffenberger
President
(403) 444-6888
www.torchriver.ca
or
ProActive Communications Co.
(604) 541-1995
Toll free: (800) 540-1995

Torch River Resources Ltd.
EXPLORATION STAGE
CODE : TCR.V
ISIN : CA79015E1060
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Torch River is a gold and copper exploration company based in Canada.

Torch River holds various exploration projects in Canada.

Its main exploration properties are MT. COPELAND, GROUSE MOUNTAIN, HIGHROCK ISLAND, NAHMINT and RED BIRD in Canada.

Torch River is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 2.2 millions as of today (US$ 2.2 millions, € 1.6 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 0.91, and its lowest recent point on April 12, 2013 at CA$ 0.01.

Torch River has 44 888 000 shares outstanding.
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In the News and Medias of Torch River Resources Ltd.
3/22/2008The Hume Report
3/22/2008The Hume Report
Annual reports of Torch River Resources Ltd.
2008 Annual Report
Financings of Torch River Resources Ltd.
10/29/2013Announces Definitive Agreement and a Further Tranche of Priv...
9/18/2013Fwd: Torch River Closes $150,000 Private Placement, Manageme...
9/13/2013Announces Private Placement
8/28/2013Fwd: Torch River closes Private Placement
8/28/2013Closes Private Placement
7/4/2013TORCH RIVER CLOSES (UNRESTRICTED) PRIVATE PLACEMENT
7/3/2013Closes Private Placement
6/3/2013Torch River Announces Closing of Private Placement
5/28/2013Torch River Clarifies Closing of Private Placement
5/28/2013Torch River Arranges $75,000 Private Placement
5/28/2013Announces Private Placement for Proceeds of $75,000
5/16/2013Announces Closing of Private Placement And Sets Date for its...
5/8/2013Announces Private Placements for Proceeds of up to $900,000
3/14/2013Torch River announces private placement
3/13/2013Announces Private Placement
9/24/2012Torch River Private Placement News Release
9/24/2012Announces Private Placement
3/27/2012Torch River Private Placement News Release
1/30/2012Torch River News / Closes Private Placement
11/30/2011TORCH RIVER ANNOUNCES PRIVATE PLACEMENT
5/27/2011Announces Close of Private Placement and Drill Programs
4/25/2011Announces Private Placement
5/6/2010Closes Private Placement
4/1/2010Closes Addition to Private Placement
3/5/2009Closing of Private Placement
9/16/2008Announces Closing of Private Placement
6/27/2008Announces Closing of Private Placement
5/21/2008Announces Closing of Private Placement
5/6/2008Announces Private Placement
Project news of Torch River Resources Ltd.
11/20/2013Saint Jean Carbon (formerly Torch River Resources) proposes ...
11/6/2013Saint Jean Carbon Inc. (formerly Torch River) Featured by Re...
10/29/2013Fwd: Torch River to acquire Wallingford, St. Jovite projects
8/20/2013Torch River Closes Acquisition of Past Producing Walker Lump...
6/13/2013Torch River Resources News Release
5/21/2013Torch River Acquires Graphite Property
1/31/2012Pinetree Capital Increases Ownership of Torch River Shares
3/24/2010(Mt. Copeland)Receives Approval on Approval on Mt. Copeland Amending Agree...
3/9/2010(Mt. Copeland)Mt Copeland REE work program
11/12/2009(Mt. Copeland)Rare Earth Potential
6/23/2009(Nahmint)Three Jays, Happy John, Monitor-Nahmint Project Fieldwork Up...
2/12/2009(Nahmint)February 12, 2009
2/12/2009(Nahmint)formally options Nahmint Property
1/19/2009(Nahmint)Torch Signs LOI to Option 75% of Crown Grants & Nahmint Prop...
8/14/2008(Red Bird)More drill results from Torch River
1/11/2008(Red Bird)2008 Technical report
11/6/2007(Red Bird)ANNOUNCES POTENTIAL HIGH GRADE MOLY ZONE AT RED BIRD
10/9/2007(Red Bird)Drill Results on next three holes at Red Bird
9/25/2007(Red Bird)further drill results at Red Bird
9/18/2007(Red Bird)Announces drill results on first three hols at Red Bird
8/27/2007(Red Bird) Red Bird Molybdenum Resource Increased by 40%
7/10/2007(Red Bird)Expands drill program at Red Bird
5/17/2007(Red Bird)Reports on summer drill program
Corporate news of Torch River Resources Ltd.
11/18/2013GOLD REPORT Interview with CEO of Saint Jean Carbon (Torch R...
10/31/2013Torch River changes name to Saint Jean Carbon Inc.
10/18/2013Torch River Signs Definitive Agreement for 113 Sri Lankan Lu...
10/15/2013Fwd: Torch River Achieves Purity Upgrade to 99.1%C on Walker...
10/15/2013Achieves Purity Upgrade to 99.1%C on Walker Graphite
10/9/2013Torch River Signs Term Sheet for 113 Sri Lankan Lump Graphit...
9/3/2013Torch River/Saint Jean Carbon CEO interview
8/15/2013Fwd: Torch River Plans Merger with Sri Lankan Company
8/15/2013Signs Term Sheet for the Acquisition of Wallingford & Saint ...
7/25/2013Torch River Plans Merger with Sri Lankan Company
7/16/2013Torch River Press Release
7/16/2013Announces Advisory Agreement and Shares for Debt Transaction
7/11/2013Torch River News Update
7/11/2013Walker Lump/Vein Graphite Property Composite Grab Sample Yie...
6/28/2013Cancels AGM and Options
6/28/2013Cancels AGM and Options
6/28/2013Cancels AGM and Options
6/13/2013Enters Binding Agreement to Acquire Walker Mine, Launches Ne...
5/16/2013Torch River News Release
5/9/2013Torch River News Release
4/30/2013Former Canada Carbon CEO, Paul Ogilvie, Ignites Torch
4/29/2013Torch River halt trading
5/30/2012Torch River News Release
3/26/2012Torch River News Release
2/7/2012Torch River News Release
1/11/2012Torch River News / Identifies 300 metre REE strike length
11/26/2011Torch River News
10/14/2011Pinetree Capital acquires Torch River shares, warrants
9/7/2011Torch River News Release
6/29/2011Begins Drilling Fort-Elden for Copper/Silver/Gold
4/19/2011expands Fort Elden for copper and zinc, 1700m drill program ...
4/19/2011Expands Fort-Elden for Copper and Zinc
6/28/2010Updates on Geological Work Conducted on the Fort-Elden Prope...
4/26/2010Recent Results from Fort-Elden Copper Property
4/12/2010Options B.C. Copper Property
1/22/2009featured in the Victoria Times - January 22, 2009
1/2/2009option agreement
12/2/2008Resources Provides Copeland Mo Project 2008 Summary
9/19/2008Reports on Red Bird drilling
8/13/2008Reports Drill Update at Mt. Copeland
8/12/2008Reports Drill Results at Red Bird
6/17/2008Announces Drill Programs
5/30/2008Grants Options
5/26/2008Featured on Yahoo Finance Small Cap Show
2/14/2008THE MOUNT COPELAND PROPERTY
2/14/2008 Acquires Mt. Copeland Formerly Producing 2.6M Lbs.. of Mol...
1/15/2008Red Bird Molybdenum Resource Increased by 29%
12/12/2007Torch River announces gold investment in Tagish Lake
11/28/2007ANNOUNCES 2007 RHENIUM RESULTS
10/3/2007Initiating Coverage ; Red Bird Resource Expansion
8/29/2007President on the Radio
8/2/2007Red Bird Drilling Update and Grouse Mountain Approval
7/4/2007Purchases New Silver Claims
6/26/2007and the Owners of Mount Copeland Mutually Agree to Discontin...
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TSX-V (TCR.V)OTHER OTC (TORVF)
0.050+0.00%0.049-10.91%
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