Del Toro Silver Corp (DTOR) financial news, and detailed stock charts
This company symbol is outdated. Results displayed are archieved for your information
Del Toro Silver Corp (DTOR) Stock Summary:
Del Toro Silver Corp. does not have significant operations. The company intends to seek business opportunities with established business entities for the merger of a target business with the company. Prior to October 31, 2008, it was engaged in the acquisition, exploration, and development of mineral resource properties in Canada. The company was formerly known as Candev Resource Exploration, Inc. and changed its name to Del Toro Silver Corp. on August 14, 2009. Del Toro Silver Corp. was founded in 2006 and is based in Vancouver, Canada.del toro silver corp (DTOR:OTC US)
del toro silver corp (DTOR) Snapshot
|
Open
$0.02
|
Previous Close
$0.02
|
|
|
Day High
$0.02
|
Day Low
$0.02
|
|
|
52 Week High
07/10/12 - $0.15
|
52 Week Low
05/8/13 - $0.02
|
|
|
Market Cap
336.8K
|
Average Volume 10 Days
100.1K
|
|
|
EPS TTM
$-0.06
|
Shares Outstanding
17.5M
|
|
|
EX-Date
--
|
P/E TM
--
|
|
|
Dividend
--
|
Dividend Yield
--
|
DTOR:US Advanced Stock Chart
Related News
del toro silver corp (DTOR) Related News
No Related News Founddel toro silver corp (DTOR) Key Developments
Del Toro Silver Corp. announced that, on March 8, 2013, Del Toro Silver Corp. signed a Joint Venture Partnership Terms Agreement with Noble Mining Inc. with respect to the development of a prospective toll milling facility in the western United States. Pursuant to the terms agreement, Noble Mining will provide financing of up to $6,000,000 for the acquisition, development, permitting and operating capital for the toll milling partnership. Del Toro will be responsible for: securing and delivering the toll milling facility and obtaining the necessary permitting in order to process ore; locating and contracting customers to process ore through the toll mill, and managing day to day operations of the toll mill. The initial capital investment will have preference payback features and Noble Mining and Del Toro will waterfall into a 50/50 profit split once the initial capital is repaid. The parties will mutually determine the terms of the preference payback in due course. Noble Mining and Del Toro will also partner together with respect to the acquisition of mines that they may encounter through servicing the toll mill customers. The Joint Venture Partnership Terms Agreement will terminate 180 days from March 8, 2013.
Del Toro Silver Corp. signed a joint venture (JV) partnership terms agreement with Noble Mining Inc. for development of a prospective toll milling facility in the western United States. The company may explore acquisition opportunities. Del Toro’s President, Greg Painter said: "This JV is a major achievement in progressing Del Toro's business model of acquiring high-grade, near term production gold properties in the western US. The most onerous issue for the development of these mines is the permitting of an on-site mill. We are confident that an accessible toll milling facility will facilitate the process for additional mines to obtain operating permits and provide the Company with many new JV and/or acquisition opportunities."
Effective February 8, 2013, Del Toro Silver Corp. entered into a letter agreement with Moody Capital Solutions, Inc. in connection with the proposed joint venture agreement for the Natchez Pass gold mine. The initial term of the letter agreement is 60 days from February 8, 2013, the date of execution, in which Moody Capital shall make best efforts to raise a minimum of $500,000. The second term is at company's sole discretion and runs for 60 days in which Moody Capital shall make best efforts to raise the remaining $500,000. No disbursements shall be made to the company until $500,000 has been raised. Moody Capital will assist in the creation of the entire joint venture offering, assist the company in structuring a joint venture agreement, identify, contact and evaluate potential joint venture partners. Compensation to Moody Capital under the letter agreement will include the following: (a) a 5% net smelter return ('NSR') in kind or in cash, at Moody Capital's election, for raising and disbursing a minimum of $500,000 to the company. The NSR shall terminate upon termination of the joint venture agreement and be recorded against claims until all sums due under the letter agreement have been repaid; (b) a 5% commission to Moody Capital upon closing of an asset sale brought by Moody Capital; (c) a 5% termination fee on a minimum $500,000 in raised funds in the event of an asset sale by another broker after the mine is in production, which fee is payable upon closing of such asset sale; return of 100% of disbursed investor funds (minimum raised $500,000) plus a 10% joint venture agreement termination fee in the event of an asset sale through another broker after mine is in production, which fee is payable upon closing of such an asset sale.
Del Toro Silver Corp financial resources
Stock Quotes
Market data is delayed at least 15 minutes.
| Recently Viewed | |||
| DTOR:US | $0.02 USD | 0.00 | |
DTOR Competitors
Market data is delayed at least 15 minutes.
| Company | Last | Change | |
| No competitor information is available for DTOR. | |||
Industry Analysis
DTOR
Industry Average
| Valuation | DTOR | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
Post a JobJobs
We are currently experiencing technical difficulties. Please try again later.
Sponsored Financial Commentaries
Sponsored Links
Archieved Financial News About Del Toro Silver Corp
Del Toro Amends Dos Naciones Option Agreement
Read article
Del Toro Silver Signs Letter of Intent for Orofino Gold-Silver Project
Read article
Del Toro Expands Josefina Target at Dos Naciones
Read article
DEL TORO SILVER CORP. Files SEC form 8-K, Entry into a Material Definitive Agreement, Unregistered Sale of Equity Sec
Read article
Del Toro Closes First Tranche of Private Placement for Proceeds of $171,320 USD
Read article
