MONTREAL, May 23, 2012 /CNW Telbec/ - Toron Inc. (OTCBB:TRON)- (The Company) Toron Inc. is pleased to provide a Corporate Update on the various activities that the company has undertaken to date. The Company has been very busy on the corporate front and its achievements to date are as follows:
- Within a very short period the Company has acquired 395 claims encompassing 53,547 acres.
- We have commissioned a 43-101 Geological report to be done on our central land holding in the Tiblemont area comprised of 100 claims.
- Toron has also hired a geological consultant to fill out our management team.
- The Company has already received legal transfer of 255 claims with the Province of Quebec and is also waiting for our final 140 claims to be transferred in its name that were filed on April 20.
- We have commissioned a second 43-101 Geological report to be done on our central land holding in the Tiblemont area comprised of the remaining 295 claims.
Toron is on the path from changing its focus in August of last year to a fully operational mining exploration Company with large land assets located in the Val dor mining district of Quebec. Toron is in the development stage of a wide ranging exploration program and is hopeful of proving up these assets. The Company is very pleased with its growth in a relatively short time horizon and is excited about its future prospects. Toron will continue to evaluate different projects that it is assessing in the area.
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.
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