dtor20160923_8k.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported)

September 20, 2016

 

DEL TORO SILVER CORP.

(Exact name of registrant as specified in its charter)

 

Nevada

000-52499

98-0515290

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

 

320 North Carson Street, Carson City, Nevada  89701

(Address of principal executive offices)

(Zip Code)

 

Registrant’s telephone number, including area code

530.416.0266

 

N/A

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 
 
 

 

Item 1.01

Entry into a Material Definitive Agreement

   
  On September 20, 2016, Del Toro Silver Corp. (the “Company”) entered into a convertible loan agreement with Lazarus Mining LLC, a registered Nevada limited liability company. Under the terms of the convertible loan agreement, Lazarus Mining LLC has agreed to loan the Company the sum of US$55,000, which was advanced to the Company on September 20, 2016. The principal amount of the loan plus any accrued and unpaid interest shall be due and payable in full one year from the advancement date. Lazarus Mining LLC may provide the Company with written notice of conversion at any time to exercise its rights of conversion in respect of either a portion of or the total outstanding amount of the loan plus accrued interest as of that date into shares of the Company, at the price of US$.0202 per share. The loan shall bear interest at a rate of 8% per annum. Patrick Fagen, our sole director and officer, is also the Manager and majority owner of Lazarus Mining.

 

Item 9.01

Financial Statements and Exhibits

   

10.1

Convertible Loan Agreement with Lazarus Mining LLC dated September 20, 2016

 

 

 
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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

DEL TORO SILVER CORP.

 

/s/ Patrick Fagen

Patrick Fagen

President, Chief Executive Officer, Secretary, Treasurer, Vice President, Chief Financial Officer, and Director

Date:

 September 23, 2016

 

 

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