Metals and Mining
Company Overview of Gold Torrent, Inc.
Gold Torrent, Inc., a development stage company, focuses on the identification, acquisition, and development of mineral properties. It intends to acquire ownership in late-stage exploration to development-stage gold mining projects; and/or royalty or streaming interests in low capital intensity late-stage mining projects in North America. The company was formerly known as Celldonate Inc. and changed its name to Gold Torrent, Inc. in January 2014. Gold Torrent, Inc. was founded in 2006 and is based in Boise, Idaho.
960 Broadway Avenue
Boise, ID 83707
Founded in 2006
Key Executives for Gold Torrent, Inc.
Gold Torrent, Inc. does not have any Key Executives recorded.
Gold Torrent, Inc. Key Developments
Gold Torrent, Inc. announced delayed 10-Q filing
Nov 17 14
On 11/17/2014, Gold Torrent, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
Miranda Gold Corp. Signs a Letter of Intent with Gold Torrent, Inc. on its Willow Creek Project in Alaska
Aug 6 14
Miranda Gold Corp. announced that it has signed a Letter of Intent with Gold Torrent, Inc. on its Willow Creek project in Alaska. The principal terms of the LOI provide that within 15 days of Gold Torrent completing a 60 day due diligence period from the date of signing the LOI, the parties will enter into a joint venture for the development of the Willow Creek project. The JV agreement will be based on the Rocky Mountain Mineral Law Foundation form of Limited Liability Company agreement known as the Modest Form 5 LLC. Miranda will assign the underlying lease and other data, reports and information on the Willow Creek project to the JV; Gold Torrent will sole fund the first $10 million of expenditures on the JV to earn a 70% interest in the JV at which time Miranda will have a 30% interest in the JV; Gold Torrent will be entitled to 90% of the cash flow from production at the Willow Creek project until it recovers its $10 million initial capital investment and thereafter it will be entitled to 70%, with Miranda being entitled to first 10%, and then 30% of the Willow Creek cash flow; and Gold Torrent will be manager of the JV and the management committee shall comprise two Gold Torrent nominees and one Miranda nominee.
Gold Torrent, Inc. Auditor Raises 'Going Concern' Doubt
Jun 25 14
Gold Torrent, Inc. filed its 10-K on Jun 25, 2014 for the period ending Mar 31, 2014. In this report its auditor, Smythe Ratcliffe, gave an unqualified opinion expressing doubt that the company can continue as a going concern.
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