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Latest Loreto Resources Corporation Stories

2011-08-11 10:11:00

SARASOTA, Fla., Aug. 11, 2011 /PRNewswire/ -- Loreto Resources Corporation (OTC: LRTC) ("Loreto") today announced that it has signed a non-binding letter of intent with Eagleford Energy Inc. ("Eagleford"), under which Loreto would have the right to farm in to an up to 50% working interest in Eagleford's net working interests in the Matthews Lease and the Murphy Lease in Zavala County, Texas. Key highlights of the letter of intent are as follows: Farm-in agreement would cover 5,266...

2009-09-29 09:02:00

LIMA, Peru, Sept. 29 /PRNewswire-FirstCall/ -- Loreto Resources Corporation (OTC Bulletin Board: LRTC; "Loreto") is pleased to announce it has entered into a nonbinding agreement to acquire up to 70% of an advanced exploration copper project in the department of Apurimac in Peru ("the Project"). The Project containing a NI 43-101 compliant inferred copper resource of over 150 million tonnes with an additional molybdenum credit, is now ready to commence confirmatory drilling and...

2009-06-15 09:35:00

LIMA, Peru, June 15 /PRNewswire-FirstCall/ -- Loreto Resources Corporation (OTC Bulletin Board: LRTC) ("Loreto") is pleased to announce that it has entered into a nonbinding agreement to acquire 100% of the outstanding common shares of Minera Huallanca S.A., a Peruvian company ("Huallanca"). Huallanca, based in Lima, Peru, currently produces zinc, lead, copper, and silver in concentrate form. During 2008, it operated 2 mines at a combined run rate of 500,000 metric tons of mined ore. The...

2008-09-18 09:00:35

SARASOTA, Fla., Sept. 18 /PRNewswire-FirstCall/ -- Loreto Resources Corporation (OTC Bulletin Board: LRTC, the "Company"), announced today that it conducted a final closing of 675,000 shares of its common stock for $675,000, to complete its current private placement of common stock to institutional and accredited investors (the "Offering"). The common stock was issued at $1.00 per share. The Company raised an aggregate gross amount of $2,025,000, exceeding the original Offering amount. The...

2008-09-16 09:00:38

SARASOTA, Fla., Sept. 16 /PRNewswire-FirstCall/ -- Loreto Resources Corporation (OTC Bulletin Board: LRTC, the "Company"), announced today that it completed an initial closing of its private placement of common stock to institutional and accredited investors for aggregate gross proceeds of $1,350,000. The common stock was issued at $1.00 per share. The Company plans to use the net proceeds of the financing to begin to capitalize on mining opportunities in South America, initially in Peru,...


Word of the Day
omphalos
  • The navel or umbilicus.
  • In Greek archaeology: A central boss, as on a shield, a bowl, etc.
  • A sacred stone in the temple of Apollo at Delphi, believed by the Greeks to mark the 'navel' or exact center-point of the earth.
'Omphalos' comes from the ancient Greek.
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