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Toro Resources Announces Interim Loan

Apr 26 2013 12:00AM

Marketwire

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KELOWNA, BRITISH COLUMBIA -- (Marketwired) -- 04/26/13 -- TORO RESOURCES CORP. (the "Company") (TSX VENTURE: TRK) today announces that RD Capital Inc., a company controlled by Devinder Randhawa, CEO and Chairman of the Company, has agreed to advance the Company $100,000 to ensure that the Company can meet its current commitments on the Company's Morgan Peak Copper Project. The Company will issue 400,000 loan bonus shares to RD Capital Inc. at $0.05 per share in accordance with the policies of the TSX Venture Exchange ("TSX"). Given current market conditions, the company is revisiting the terms of the private placement announced on March 22, 2013.

This press release contains "forward-looking information" that is based on Toro's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Toro's development plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Toro's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward- looking information. Such factors include, but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets; increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Toro disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

TORO RESOURCES CORP. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of copper properties and is headquartered in Kelowna, British Columbia. TORO RESOURCES Common Shares are listed on the TSX Venture Exchange under the symbol "TRK".

ON BEHALF OF THE BOARD

Dev Randhawa, Chairman & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Contacts:
Toro Resources Corp.
Greg Downey
Investor Relations
1-866-979-7022
www.tororesources.com





Source: Marketwire


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