Torch River Resources Ltd.

Published : June 13th, 2013

Torch River Resources News Release

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

TORCH RIVER RESOURCES

 

FOR IMMEDIATE RELEASE


Torch Enters Binding Agreement to Acquire Walker Mine, Launches New Corporate Website, Adds New Executives and Reschedules AGM


June 13, 2013, Oakville, ON, Canada � Torch River Resources Ltd. (�Torch� or the �Company�) (TSX-V: TCR) (FRANKFURT: WNF) (U.S. pink sheets: TORVF) with reference to the press release dated May 21, 2013 is pleased to announce that agreement to acquire the past producing Walker lump graphite mine is now binding, but remains subject to the approval of the TSX Venture Exchange.. 


Torch wishes to announce that it has rescheduled its annual general and special meeting of shareholders which will now be held on July 31, 2013 in Calgary, Alberta. 


Torch is also is pleased to announce that the Company has launched their newly re-designed website www.torchriver.ca and the appointment of three new executives. 


Torch's new website has been designed to provide the ultimate user-friendly experience with improved navigation and functionality throughout. The site renders current and detailed content about the company and their value proposition to the market for current and potential customers, investors and industry partners. Effective communication is important to Torch and this newly designed site is a significant step to communicate the brand and capabilities of Torch.


Paul Ogilvie, CEO and Chairman commented, �the new website is just the first step to better position the company, we will be building on the content over the next few months with the hopes that the end result will be a very comprehensive and informative graphite website". 


Torch also announces today three new senior management executives to the team. Paul Ogilvie CEO and Chairman commented, �the new executives are well seasoned in the graphite business, and bring years of experience, and will help the company realize its goals, and build a customer centric company�.


Newly appointed Chief Operating Officer

Paul Cooper, Chief Operating Officer

Mr.. Cooper brings 30 years of experience in operational and financial management in both the private and public sectors. Mr. Cooper has senior leadership experience in industrial minerals and precious metals mining including the role of COO of Industrial Minerals Inc. a publicly traded OTC-BB company that is today Northern Graphite. Following this from 2009 

to 2012 Mr. Cooper was the Chief Operating Officer and Director of Trueclaim Exploration, a publicly traded company with gold and silver properties in Northern Ontario and Arizona. 


Newly appointed Sales, Marketing and Product Development

Mark Burack, Vice President, Business Development

Mr. Burack has had 20+ years of business experience managing client and business development for a number of technology companies including IBM Corporation, EMC Corp., SHL SystemHouse, GE Capital, and Puredata Corp., both in the US and Canada. Mr. Burack's more personal style, track record in developing mutually beneficial business 

partnerships and years of experience delivering superior business cases/cost justification make him an excellent asset within Torch River.. 


Peter Smith, Vice President, Sales and Marketing

Mr. Smith comes to Torch with over 25 years of success in a variety of global sales roles including Director of Sales and Marketing at Canada Carbon and Leader of Business Development at Mega Graphite Inc. Mr. Smith used his experience  with all levels of industries to establish a high level sales database of graphite consumers.


ABOUT TORCH RIVER RESOURCES


Torch River Resources is a publicly traded junior mining exploration company with a number of mining claims. The Mount Copeland molybdenum deposit lies within metamorphic rocks flanking the southern margin of Frenchman Cap Dome, 32 kilometers northwest of Revelstoke, British Columbia. The Fort-Elden copper property is comprised of 18 mineral tenures that total 2,828..6 hectares in area.  The mineral claims are located 100 km west of Fort St James, BC. The Red Bird deposit is comprised of three zones of molybdenum concentration referred to as the Main, Southeast and Southwest zones within a property totaling 1,836 ha (4,400 acres) and is located 133 km southwest of Burns Lake and 105 km north of Bella Coola.  The Company plans to divest each of these properties through a sale or joint venture, thus allowing it to focus on building a graphite mining company.


CONTACT:

Laurie McCarney

Director, Corporate Communications

info@torchriver.ca

Tel: (905) 844-1200 ext:305


�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.�


FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Torch�s business and affairs. In certain cases, forward-looking statements can be identified by the use of words such as ��plans��, ��expects�� or ��does not expect��, �intends� ��budget��, ��scheduled��, ��estimates��, �forecasts��, ��intends��, ��anticipates�� or variations of such words and phrases or state that certain actions, events or results ��may��, ��could��, ��would��, ��might�� or ��will be taken��, ��occur�� or ��be achieved��. Such forward-looking statements include those with respect to the Company�s intention to complete a name change and complete the acquisition of three to four lump graphite properties in Quebec (the �Transactions�), the anticipated closing time of such transactions, the intention of Torch to divest its existing mineral properties (the �Divestures�), the intention of Torch to undertake a broad sampling, mapping and exploration program this summer (the �Work Programs�) and to pursue its strategy.


These forward-looking statements are based on current expectations, and are naturally subject to uncertainty and changes in circumstances that may cause actual results to differ materially. The forward-looking statements in this news release assume, inter alia, that the conditions for completion of the Transactions and Divestures, including regulatory approval, will be met, that the Company will be able to arrange sufficient funding for the Transactions and the Work Programs and that there are no other material obstacles to pursuing the new strategy.


Although Torch believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that these expectations will prove to be correct. There are risks which could affect Torch�s future results and could cause the results to differ materially from those expressed in these forward-looking statements including negotiation failure or delay, the impact of general economic conditions in Canada and the risk that they will deteriorate, industry conditions, including fluctuations in the price of supplies and the risk that they will increase, that required consents and approvals from regulatory authorities will not be obtained, that activity in the lump or vein graphite business will not be at the level or of the nature anticipated, liabilities and risks inherent in Torch�s operations, technical problems, equipment failure and construction delay.


Statements of past performance should not be construed as an indication of future performance. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors, including those discussed above, could cause actual results to differ materially from the results discussed in the forward-looking statements. Any such forward-looking statements are expressly qualified in their entirety by this cautionary statement.


Readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking information is provided as of the date of this press release, and Torch assumes no obligation to update or revise them to reflect new events or circumstances, except as may be required under applicable securities laws.


All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available awww.sedar.com).

John R. Chalcraft, ProActive Communications
#201 - 2383 King George Blvd., White Rock, BC, V4A 5A4
Local:  (604) 541-1995;   Toll free:  1 (800) 540-1995
email
jrchalcraft@gmail.com




Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Torch River Resources Ltd.

EXPLORATION STAGE
CODE : TCR.V
ISIN : CA79015E1060
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
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...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (TCR.V)OTHER OTC (TORVF)
0.050+0.00%0.013+0.00%
TSX-V
CA$ 0.050
11/04 15:49 -
0%
Prev close Open
0.050 0.050
Low High
0.050 0.055
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.050 25.00%
Volume 1 month var.
22,000 25.00%
24hGold TrendPower© : -26
Produces
Develops
Explores for Copper - Gold - Molybdenum - Rare earth - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 12/16/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.19+0.98%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 9.70+0.21%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.60+3.82%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+10.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
 2.17-0.91%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 14.16+2.24%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
 0.30-1.64%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
 0.20+2.56%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 2.06+3.52%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 41.96+0.67%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :
Sun Res.(Oil)SUR.AX
Released ASX Announcement: Quarterly Activities Report
AU$ 0.00+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.