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

Date of Report (Date of earliest event reported)		October 4, 2016

DEL TORO SILVER CORP.
(Exact name of registrant as specified in its charter)

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~~2 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

Item 1.01

Entry into a Material Definitive Agreement

~~-2-~~On October 4, 2016, Del Toro Silver Corp. (the “Company”) entered into a Purchase Option Agreement with Lazarus Mining LLC (the “Vendor”), pursuant to which the Company purchased an option to acquire 100% of all right, title and interest in and to six (6) unpatented U.S. Bureau of Land Management mining claims, known as the Mt. Vernon Mine, located in Sierra Country, California. The Vendor is Nevada Limited Liability Corporation that is wholly owned and controlled by Patrick Fagen, the President, Chief Executive Officer, Secretary, Treasurer, Vice President, Chief Financial Officer, and Director of the Company.

Pursuant to the agreement, in consideration for a non-refundable deposit of $100 paid to the Vendor, the Company has acquired the exclusive right until January 31, 2017 to perform due diligence on the Mt. Vernon Mine and to purchase the 100% of the interest of the Vendor in the property, subject to a perpetual 2% net smelter returns royalty payable to the Vendor in respect of all gold production from the property.

The purchase price for the property will consist of $500,000, payable on or before January 31, 2017, and the issuance by February 15, 2017 of non-transferable stock options to purchase up to 2,000,000 common shares of the Company, exercisable for two years after issuance at a price of $0.05 per share.

The Company may extend the exclusivity period for up to three (3) additional thirty (30) consecutive day periods by paying an additional $1,000 non-refundable deposit for each such additional 30-day period. Payment for the extension term periods must be made prior to the end of the then current 30-day period and will be credited toward the total purchase price at closing.

If the Company completes the purchase of the property, it is required to purchase, for $5,000, all membership interest in River Resources LLC, which is the single purpose entity that holds the current plan of operations for the mine.

Item 9.01	Financial Statements and Exhibits

10.1	Purchase Option Agreement dated October 4, 2016 with Lazarus Mining LCC

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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
/s/Patrick Fagen
Patrick Fagen
President, Chief Executive Officer, Secretary, Treasurer, Vice President, Chief Financial Officer, and Director
Date:	~~September~~October 2311, 2016

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