Toron Inc received approximately USD $200,000 in convertible debenture financing
PR Newswire
MONTREAL, Feb. 15, 2012
MONTREAL, Feb. 15, 2012 /PRNewswire/ – Toron Inc. (OTCBB: TRON)- (The Company) Toron Inc. announced that they have collected an aggregate of
approximately $200,000 in convertible debenture financings, convertible
at $0.10 per share. This funding will support Toron’s strategy to
acquire 100% interest in mining claims in the Province of Quebec.
“These financings have allowed us to acquire a large portion of our land
assets in Quebec and put further claims under contract. We are
confident that we will be able to raise the rest of the required
capital to complete all of our acquisitions and begin an exploration
program,” said Michael Whitehead, CEO at Toron Inc.
About Us
Toron Inc. (www.toroninc.com) prides itself on being a new mineral exploration company focusing its
attention on projects involving gold and other valuable metals. Based
in Quebec, one of Canada’s richest mining provinces, Toron Inc., a
Nevada company incorporated a wholly owned subsidiary, Toron Resources
Inc., for the sole purpose of exploring mining projects in Canada, and
specifically, in Quebec and Ontario.
Further information on the Company can be found at www.sec.gov and the company’s website at www.toroninc.com
Safe Harbor Statement
Some statements in this news release contain forward-looking information
or forward-looking statements for the purposes of applicable securities
laws. These statements include, but are not limited to, statements
with respect to the ability to raise further capital, close
acquisitions and initiate an exploration program. These statements
address future events and conditions and, as such, involve known and
unknown risks, uncertainties and other factors, which may cause the
actual results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the statements. Such factors include, among others, the
timing and completion of contemplated financings, the actual use of
proceeds, receipt of regulatory approvals and the timing and success of
future exploration development and production activities. In making
the forward-looking statements, the Company has applied several
material assumptions including, but not limited to, the assumptions
that: (1) the proposed exploration and development of its mineral
projects will proceed as planned; (2) market fundamentals will result
in sustained metals and minerals prices and (3) any additional
financing needed will be available on reasonable terms. The Company
expressly disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise except as otherwise required by applicable
securities legislation. These statements are based on our current plans
and expectations and involve risks and uncertainties that could cause
actual future events or results to be different than those described in
or implied by such forward-looking statements. These risks and
uncertainties include those relating to: lack of operating history,
transitioning from a development company to an operating company,
difficulties in distinguishing Toron Inc. resources and ability to mine
Toron Inc. resources, market acceptance of our products and services;
operational difficulties relating to combining acquired companies and
businesses; our ability to form and maintain mutually beneficial
relationships with customers and strategic partners; changes in
economic, political or regulatory conditions or other trends affecting
the mining sectors, and our ability to attract and retain qualified
personnel. Further information about these matters can be found in our
Securities and Exchange Commission filings. We expressly disclaim any
intent or obligation to update these forward-looking statements.
Holybank Communications Ltd.
Tel: 1-877-617-6623
Email: info@toroninc.com
SOURCE Toron Inc.
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