3 March 2025: Torino Metals and Ocham’s Razor Capital Announce Brokered Financing and Proposed Business Combination

TORONTO, March 03, 2025 (GLOBE NEWSWIRE) -- Torino Metals (Canada) Corp. (“Torino Metals” or the “Company”) is pleased to announce that it signed a letter of intent with Ocham’s Razor Capital Ltd. (“Ocham”) on February 14, 2025, contemplating a business combination via a reverse-takeover (the “Transaction”) and subsequent listing on the TSX Venture Exchange (the “TSXV”).

In connection with the Transaction, Torino Metals is also pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. (“Canaccord Genuity”) acting as lead agent and sole bookrunner, on behalf of a syndicate of agents consisting of Ventum Financial Corp. and INFOR Financial Group Inc. on a commercially reasonable efforts agency basis in connection with a private placement of up to 20,000,000 units of the Company (the “Units”) at a price of C$0.40 per Unit for gross proceeds to the Company of up to C$8 million (the “Private Placement”). Read full story

ZONDA

Zonda is an outcropping copper-gold porphyry in San Juan Province, Argentina. Of the more than 5,000m of historical shallow drilling, 73% of holes end in mineralisation.  Drill testing will target higher primary grade at depth.

Average depth of historical drilling was approximately 180m, but similar nearby systems show sulphide mineralisation extending well over 1,000m Torino is planning a drill program of 1,200m holes to test the depth potential of the porphyry system.

Torino executives have led discoveries on the high grade Escondida gold-silver vein deposit at Cerro Moro (+2-million-ounce gold equivalent resource), and the massive Caspiche gold-copper porphyry deposit in Chile.