November 10, 2011
Thu, 11/10/2011 - 22:51 | by pfagen
DEL TORO SILVER CORP.
318 N. Carson Street, Suite 103
Carson City, NV 89701
NEWS RELEASE Trading Symbol OTCBB: DTOR
Del Toro Closes Private Placement for Proceeds of $75,000 USD
Carson City, Nevada (November 10, 2011) – Del Toro Silver Corp. (OTCBB: DTOR) (“Del Toro” or the “Company”) is pleased to announce they have closed a non-brokered private placement in the Company at a price of $0.04 per common share. The private placement is 1,875,000 common shares for gross proceeds of $75,000 (all funds expressed in USD). Each common share is subject to restrictions by regulatory authorities. The securities issued and sold under the private placement will not be registered under the Securities Act of 1933 as amended (the “Act”), and may not be offered or sold in the United States absent registration, or an applicable exemption from registration, under the Act.
Proceeds of the private placement will be applied to the Company's ongoing work program on their Dos Naciones project, continued exploration for new projects and general working capital.
About Del Toro Silver Corp.
Del Toro Silver is a dynamic exploration company focused on mining exploration and development of precious metal deposits in northern Mexico and the western United States. The Company’s Dos Naciones property is NI43-101 compliant with historic production in numerous areas. The Company continues to advance past work completed by the previous owner, Penoles, to further its Phase I drill program.
For further information, please contact Patrick Fagen at 530-416-0266.
On behalf of the Board of directors,