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In the same category 
Torch River Closes Private Placement
Published : November 23, 2012
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Keywords :   Torch River |

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
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Torch River Resources Ltd.
EXPLORATION STAGE
CODE : TCR.V
ISIN : CA8910221057
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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.
6/3/2013Announces Closing of 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
3/13/2013Announces Private Placement
11/23/2012Closes Private Placement
9/24/2012Announces Private Placement
5/27/2011Announces Close of Private Placement and Drill Programs
4/25/2011Announces Private Placement
11/19/2010Closes Private Placement
11/9/2010private placement of up to 1,250,000 units at a price of $0....
5/6/2010Closes Private Placement
4/1/2010Closes Addition to Private Placement
3/12/2010Private placement
3/5/2009Closing of Private Placement
9/16/2008Announces Closing of Private Placement
9/9/2008Announces Private Placement
6/27/2008Announces Closing of Private Placement
5/6/2008Announces Private Placement
Project news of Torch River Resources Ltd.
1/4/2011(Mt. Copeland)Receives Compilation Report on Rare Earths at Mt. Copeland
11/4/2010(Mt. Copeland)receives Re-Assays of some Rare Earths (REEs) registering ab...
11/2/2010(Mt. Copeland)reports on Rare Earth Elements assays
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...
4/6/2009(Nahmint)Nahmint Returns 0.3 Meter Chip Sample of 10.48% Copper
3/16/2009(Mt. Copeland)Technical Report on the Mt Copeland Property
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...
10/21/2008(Red Bird)drilling results
10/21/2008(Red Bird)Reports 144 Meters of Moly at 0.123% Mo
10/7/2008(Red Bird)Torch River Reports 40 Meters of Moly at 0.234% Mo
8/14/2008(Red Bird)More drill results from Torch River
1/11/2008(Red Bird)2008 Technical report
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.
6/13/2013Enters Binding Agreement to Acquire Walker Mine, Launches Ne...
4/30/2013Former Canada Carbon CEO, Paul Ogilvie, Ignites Torch
1/4/2011(angl) announces 800 000 options grant
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
1/15/2008Red Bird Molybdenum Resource Increased by 29%
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.PK)
0.040+0.00%0.040+33.33%
TSX-V
CA$ 0.040
06/19 15:13 -
0%
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0.040 0.045
Year l/h YTD var.
0.010 -  0.050 100.00%
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0.010 -  0.050 33.33%
Volume 1 month var.
90,500 -%
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