Toron, Inc. entered into an agreement to acquire 140 mineral claims located in the Province of Quebec from Glenn Griesbach and Stephane LeBlanc for CAD 1.1 million.

Toron, Inc. (OTCBB:TRON) entered into an agreement to acquire 140 mineral claims located in the Province of Quebec from Glenn Griesbach and Stephane LeBlanc for CAD 1.1 million in cash and stock on February 6, 2012. As a part of the consideration, Toron will pay CAD 0.02 million in cash and 5 million shares of its common stock by April 16, 2012. The sellers will retain 2% net smelter royalty on the 140 claims. The transaction is expected to be closed five days after the receipt of full and final payment.