Key Developments: Torex Gold Resources Inc (TORXF.PK)

TORXF.PK on OTC Markets Group

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Latest Key Developments (Source: Significant Developments)

Torex Gold Resources Inc receives $84.8 mln from warrant exercise
Wednesday, 13 Aug 2014 12:54pm EDT 

Torex Gold Resources Inc:Announce that 56.5 mln common share purchase warrants have been exercised into an equivalent number of common shares of company at price of $1.50 per share.Says total proceeds to company of $84.8 mln.  Full Article

Torex Gold Resources Inc completes $375 mln project finance facility el Limon-Guajes Project Fully Funded
Monday, 11 Aug 2014 06:00am EDT 

Torex Gold Resources Inc:Says Company, through its subsidiary Minera Media Luna, S.A. de C.V. has signed a credit agreement with BMO Harris Bank N.A., BNP Paribas, Commonwealth Bank of Australia, ING Bank N.V., Societe Generale, and The Bank of Nova Scotia.Says with respect to its previously announced syndicated senior secured $375 mln project finance facility that is due to mature June 30, 2022.Says loan facility will be used for development of El Limon-Guajes Project, located on the company's 100 pct owned Morelos Gold Property in Mexico.  Full Article

Torex Announces appoints new chief financial officer
Tuesday, 18 Mar 2014 05:00pm EDT 

Torex Gold Resources Inc:Says that Andrew Gottwald, CFO of the company will be leaving Torex to pursue other interests.Appointed Jeff Swinoga as its new Chief Financial Officer, effective April 7.  Full Article

Torex Gold Resources Inc announces closing of bought deal financing including full over-allotment option exercise
Wednesday, 12 Feb 2014 09:14am EST 

Torex Gold Resources Inc:Closes its previously announced bought deal offering of units of the company.Say a total of 119,830,000 units have been issued at a price of C$1.20 per unit, for aggregate gross proceeds of C$143,796,000, which includes the full exercise by the underwriters of the over-allotment option for 15,630,000 units.Says each unit consists of one common share of the company and one-half of one common share purchase warrant.Says each whole common share purchase warrant entitles the holder to purchase one common share of the company at an exercise price of C$1.50 until Aug. 12.Says the units were sold pursuant to an underwriting agreement with a syndicate of underwriters.Says net proceeds of the offering will be used to fund the ongoing mine development and construction plan for the El Limón and Guajes project and for general corporate purposes.  Full Article

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