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EXCEL - IDEA: XBRL DOCUMENT - TORON INC.Financial_Report.xls
10-Q - TORON INC. FORM 10-Q FOR 10-31-12 - TORON INC.toron-form10qq3oct3112.htm
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EX-32 - SOX SECTION 906 CETIFICATION OF THE CEO - TORON INC.exhibit321.htm
EX-31 - SOX SECTION 302(A) CETIFICATION OF THE CEO - TORON INC.exhibit311.htm
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NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION
9 Months Ended
Oct. 31, 2012
Business Description and Basis of Presentation [Text Block]

NOTE 1 – ORGANIZATION AND BASIS OF PRESENTATION


Toron Inc. (the "Company") was incorporated in the State of Nevada on January 3, 2008. The Company was originally organized to develop and operate a web based resale business for domain names. On September 15, 2011, the Company incorporated its wholly-owned subsidiary, Toron Resources Inc. As a result, as of September 15, 2011 the Company is now engaged in the acquisition and exploration of mineral properties, and is in the Exploration Stage.


These consolidated financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States and are expressed in United States (US) dollars. The Company has not produced any revenue from its principal business and is an exploration stage company. Refer to Note for factors affecting the Company’s ability to continue as a going concern.


The balance sheet as of October 31, 2012 and the statements of operations and cash flows for the periods presented have been prepared by the Company and are unaudited. In the opinion of management, all adjustments (consisting solely of normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows for all periods presented have been made.