MONTREAL, July 25, 2012 /CNW Telbec/ - Toron Inc. (OTCBB:TRON) - (The Company), is very pleased to announce that it has successfully completed the transfer of 30 Tiblemont claims it purchased on April 16, 2012 in the Val Dor area of Quebec. The transfer was completed on July 3, 2012. This transfer of 30 claims is the first part of the 140 claims that Toron completed on April 16, 2012. The rest of the transfers should be completed in the near future. These claims are an excellent addition to the Tiblemont Gold Property set of claims. These properties can be explored in more depth with technically superior techniques that can identify areas of interest for drilling. Out of the 395 claims, the Company has now transferred a total of 285 claims encompassing more than 35,000 acres in this area.
"Toron has continued to examine new properties and is confident that we will be able to expand our land holdings. This partially completes our claim transfers in Quebec and we are very excited about our future in this part of the province", said Michael Whitehead President of Toron Inc.
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.
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 exploration and commercialization of the company's 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.
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