Torq Resources Inc. (TSX-V:TORQ; OTCQX:TRBMF) (“Torq” or the “Company”) is pleased to announce it has engaged the services of Independent Trading Group (“ITG”) to provide market-making services in accordance with policies of the TSX Venture Exchange (“TSXV”). ITG will trade shares of the Company on the TSXV with the goal of maintaining a reasonable market and increasing the liquidity of the Company’s common shares.
According to the agreement, ITG will be compensated CAD$6,000 per month, payable monthly in advance, for market making services performed principally by ITG’s market maker, David Paterson Sears. The agreement has an initial term of at least one month and is renewable for additional one-month periods unless discontinued. The agreement may be ended by either party by providing written notice of termination at least 30 days before the end of the then-current term. The deal contains no performance factors, and ITG will not get any shares or options as compensation. ITG and the Company are unconnected and unaffiliated organizations, and at the time of the agreement, neither ITG nor its principals held a direct or indirect interest in the Company’s securities.