Toron Inc. introduces its new management team and board of directors

MONTREAL, Nov. 16, 2011 /CNW Telbec/ - Toron Inc. (OTCBB:TRON) - (The Company) is pleased to introduce its management team and board of directors. On August 5, 2011 we appointed Michael Whitehead as president, chief executive officer, chief financial officer and as a member to our board of directors.

Mr. Whitehead is a seasoned businessman who has an extensive background in resource financing, mining, exploration, and running public companies.

Mr. Whitehead earned a Bachelor of Commerce degree in 1982 from the University of Alberta. After graduation, he went on to work as an investment advisor at CIBC Wood Gundy, a company involved in numerous resource financing in North America. By 1992, Mr. Whitehead left Wood Gundy and started working with different resource companies, focused on raising capital worldwide.

Then in 1995, he founded Quadra Resources, a company concentrated on exploration prospects in the Philippines, Central Asia, and North Africa. The company was sold for an undisclosed amount in 2003.

Since that time, Mr. Whitehead's focus shifted to grass root level companies, which he finances and makes public on North American and European Stock Exchanges. He has been the president, CEO, and Director of Silver Corp., a private Canadian company. His main responsibilities included seeking out strategic opportunities and managing day-to-day activities. Before that, he held the same positions in Copper One Inc., a mineral exploration company in Vancouver and in Vital Resources Corp., an exploration company in Montreal.

We appointed Mr. Whitehead as our CEO and director due to his mining experience, ability to finance mining interests, and his knowledge of publicly listed companies.

In addition, on October 25, 2011 the Company appointed Mr. Ramzan Savji to act as its vice president, secretary and as a member to our board of directors.

Since August 2000, Mr. Savji incorporated and founded Telecommunications Supply Line Ltd., a telecommunications installation and networking material supplier in Kenya, wherein he continues to be the Managing Director of the company on a day-to-day basis. 

Mr. Ramzan Savji has more than 30 years of experience in the banking and business sector. He has studied Banking and Business Administration in Germany and was employed with the Deutsche Bank A.G., Munich, Germany in their letters of credit department from June 1971 to August 1974. He then became the Area Representative for Societe Generale, the French & International Bank from May 1988 to April 1995. He covered Kenya, Uganda, Tanzania, Rwanda, Burundi and Malawi. He was responsible for building up and enhancing correspondent banking relationships between Societe Generale and the banks domiciled in the above countries.  He was also responsible for lobbying and promoting business for the French companies and arranging short, medium and long term lines of credit for project financing for both, the Public Sector as well the Private Sector.

We appointed Mr. Savji as our officer and director due to his financial background, contacts with banking institutions and for his connections in East Africa.

Together, Mr. Whitehead and Mr. Savji are very pleased to join Toron Inc. and with their extensive backgrounds they will be leading the Company in a new direction.

After assuming the new leadership role of Toron Inc., Mr. Whitehead was quoted as saying, "I am pleased to announce that the company will dedicate itself towards building a sound future for its shareholders with the focus of one day being able to have a producing mine."

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

For further information, please contact:
Holybank Communications Ltd.
Tel: 1-877-617-6623
Email: info@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 closing of the various stages of the Acquisition Agreement for the Tiblemont Claim as well as the potential results of exploration on such claims. 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.

SOURCE Toron Inc.

For further information:

Holybank Communications Ltd.
Tel: 1-877-617-6623
Email: info@toroninc.com

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Toron Inc.

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