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