Torex Completes Closing of Over-Allotment Option

Torex Completes Closing of Over-Allotment Option

ORONTO, Feb. 16, 2018 (GLOBE NEWSWIRE) — Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG) is pleased to announce that it issued an additional 130,500 common shares of the Company (the “Common Shares”) as a result of the exercise of the remainder of the over-allotment option granted to the syndicate of underwriters (the “Underwriters”) led by BMO Capital Markets in connection with its previously announced offering (the “Offering”). An aggregate of 5,025,500 Common Shares were issued by the Company at a price per Common Share of C$12.60 pursuant to the Offering, including the 525,000 Common Shares issued on the partial exercise of the over-allotment option concurrent with the closing of the Offering on February 7, 2018 and the 130,500 Common Shares issued today on the exercise of the remainder of the over-allotment option, for aggregate gross proceeds of C$63,321,300.

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