Del Toro Silver (OTCBB:DTOR) (“Del Toro” or the “Company”) provides this corporate update on its recent activities.
Del Toro has been unable to stay current with its SEC filings due to lack of funding. On August 9, 2017 the Company executed a settlement agreement with the United States Securities and Exchange Commission for failing to comply with its ongoing reporting obligations under the United States Securities and Exchange Act of 1934.
As a result, the settlement stipulated that the registration of our shares of common stock under the Exchange Act was revoked. The revocation was effective as of August 11, 2017. While all shareholders still own their respective shares of stock in the Company, the revocation resulted in the suspension of all trading of Del Toro stock until the Company completes the re-registration of its shares of common stock.
Despite this unexpected setback, the Company’s management has continued to work diligently on building a successful company and increasing shareholder value.
Del Toro is pleased to announce that on November 6, 2017 the Company executed a Letter of Intent (the “LOI”) with Telegraph and Kable Graham for a joint venture to further explore and develop the Telegraph Mine property located in Sierra County, California.