Torq Resources Receives Approval to Extend CA$2.8 Million Loan to March 2027

04:12 PM EDT, 10/20/2026 (MT Newswires) -- Torq Resources (TORQ.V) said Tuesday afternoon that it has received regulatory approval to extend its CA$2.8 million loan from 191010 Investments Ltd. by six months, to March 16, 2027 from July 11, 2026. In exchange, the lender will receive 56-million share purchase warrants, each exercisable for one common share at CA$0.05 until Sept. 16, 2027, the company added. The warrants cannot be exercised if doing so would increase the lender's ownership above 9.99% without the company's approval, according to the statement. "In accordance with TSXV policy, the lenders warrants are also subject to reduction on 10 day's [sic] notice if the loan is prepaid before March 16, 2027," the company added. Shares of Torq Resources were unchanged at CA$0.055 on the TSXV.