DEL TORO SILVER CORP. (OTCMKTS:DTOR) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01
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Entry into a Material Definitive Agreement |
On February 28, 2017, Del Toro Silver Corp. (the Company) entered
into a Purchase and Sale Agreement with Comstock Resources
Development LLC (the Vendor), to which the Company has agreed to
purchase 100% of all right, title and interest in and to four (4)
unpatented U.S. Bureau of Land Management mining claims located
in Storey County, Nevada. The purchase price for the property
will consist of 1,000,000 restricted shares of common stock of
the Company.
If the Company completes the purchase of the property, it will
also grant and pay to the Vendor a net smelter return royalty of
5% upon the commencement of production from the property, and
shall also pay the Vendor an amount equal to 25% of the gross
sale proceeds from any sale of the property by the Company.
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Item 9.01 |
Financial Statements and Exhibits |
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10.1 |
Purchase and Sale Agreement dated February 28, 2017 with |
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About DEL TORO SILVER CORP. (OTCMKTS:DTOR)
Del Toro Silver Corp. (Del Toro) is a mining and Exploration Company engaged in the acquisition, exploration and development gold properties in the western USA, with a focus California mining districts. The Company’s wholly owned subsidiary is Minera Plata Del Toro S.A. de C.V. The Company has entered into a joint venture partnership terms agreement with Noble Mining Inc. with respect to the acquisition of a toll milling facility in the western United States. The Company owns 70% interest in Dos Naciones Property. Dos Naciones Property is located in central Sonora State, 140 kilometers north northeast of the city of Hermosillo and approximately 75 kilometers southwest of the Cananea porphyry copper mining district within the northern Mexico copper-molybdenum porphyry belt. DEL TORO SILVER CORP. (OTCMKTS:DTOR) Recent Trading Information
DEL TORO SILVER CORP. (OTCMKTS:DTOR) closed its last trading session 00.0000 at 0.0400 with 16,000 shares trading hands.