MONTREAL, April 18, 2012 /PRNewswire/ - Toron Inc. (OTCBB: TRON) - (The Company) Toron Inc. is very pleased about the future of gold prices and with experts predicting the possible future gains in gold prices, the Company plans to stay on course as it executes its business plan and planned exploration activity. The Financial Post dated March 20, 2012, states that, "Gold prices have fallen 13% since the end of last summer and could fall even further in the weeks ahead. But soon enough the yellow metal will bottom and a new and furious rally will begin, taking gold above US$2,000 for the first time ever later this year, says Julian Jessop, chief global economist, Capital Economics. In the article he concludes by saying, "Accordingly, we now expect gold to rise to around $2,200 by the end of this year (our previous forecast was $2,400) before dropping back to $2,000 by the end of 2013."
Joining this sentiment is Philip Klapwijk, global head of metals analytics with Thomson Reuters GFMS, where in a Forbes.com article of April 11, 2012 he states, "We could easily see last September's record high being taken out, and a push on towards $2,000 is definitely on the cards before the year is out, although a clear breach of that mark is arguably a more likely event for the first half of next year."
The following are recent industry articles mentioned above; providing insight into the forecasted future growth of gold prices:
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 future gold prices and the Company's ability to access commercially viable mineral deposits. 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.