MONTREAL, Nov. 7, 2011 /CNW Telbec/ - Toron Inc. (OTCBB: TRON)- (The Company) is a mineral exploration company focusing its business on mining gold and
other valuable metals in Quebec and Ontario, Canada. The Company will
shift its attention towards gold mining and exploration projects in
both Ontario and Quebec, which are both mineral-rich regions in the
provinces of Canada.
The Company has decided to focus on these two provinces because of
mining territories that the Company believes have great potential for
gold and other precious metal discoveries. Additionally, with the price
of gold over $1,700 per ounce, the opportunity for exploration in these
areas becomes more lucrative. The Canadian Shield is a territory of
land which includes the northern parts of both of these provinces and
has historically produced some of the richest mineral ores in the
world. The Canadian Shield contains minerals such as gold, rare earth,
silver, copper, zinc, and nickel.
Both of these provinces have well-developed infrastructure, including
modern roads and power grids extending to remote areas. Mining
regulations are very friendly in this region and there are many tax
advantages to exploration activity.
CEO Michael Whitehead recently said, "the territories of Northern Quebec
and Northern Ontario are very valuable in that they are rich in
resources, but have yet to be fully discovered to their full potential.
Our Company has narrowed down our prospects to these areas, and we are
confident that when the Company develops a full complement of
geologists, we will discover and acquire properties of merit."
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 Incorporated 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 acquisitions of exploration properties in Quebec and
Ontario as well as any results of exploration activities by Toron.
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
SOURCE Toron Inc.
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