Dear Torch River Shareholders,
In an effort to keep you up to date on all information that is pertinent to Torch River Resources. Please see the attached article regarding Molybdenum and a new fund controlled by Sprott Asset Management, the Sprott Molybdenum Participation Corp. As announced on Thursday March 1st Torch River Resources closed a private placement with “The Fund” for 4,666,667 units representing $700,000.05
Regards,
AGORACOM Investor Relations
To view the article in its entirety please click link below:
http://www.theglobeandmail.com/servlet/story/LAC.20070305.RMOLY05/TPStory/Bu Is Moly on Brink of Being Mining Megastar?
Investment fund offers exposure
ANDY HOFFMAN AND SINCLAIR STEWART
It's rare, difficult to trade and next to impossible to pronounce. But thanks to the surging interest in all things metals and mining, molybdenum is about to get its own investment fund.
Moly, as it's most often called, is set to join a growing list of commodities including gold, silver and more recently, uranium, with a new fund that will give investors direct exposure to the price of the metal.
Resource guru Eric Sprott is preparing an initial public offering for the Sprott Molybdenum Participation Corp., which will buy and sell actual molybdenum and invest in companies that explore for, mine and process the silvery white material used in furnaces, pipelines and aircraft engine parts.
