Torchlight 2 priced at $19.99

Action RPG sequel Torchlight 2 will set you back your local equivalent of $19.99 when it launches later this year, developer Runic Games has announced.

We're chasing the developer now for exact UK and Euro prices and will update as soon as we hear back.

"It's always been our goal to provide exceptional value for the price," commented Runic CEO Max Schaefer.

"Everyone who wants to play Torchlight 2 will be able to comfortably afford to do so, and they'll be able to play with their friend online or via a LAN, or play single player offline, all with no further purchase."

Runic has also lifted the lid on the game's fourth and final character class. Joining the Berserker, Outlander and Engineer is the Embermage, snapped below.

There's still no firm release date for the game, but a 2011 release remains the plan.

For more on what to expect from the acclaimed 2009 original, take a look at Eurogamer's recent Torchlight 2 preview.