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Filing Details

Accession Number:: 0001476732-10-000004
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-06-18 13:00:00
Reporting Period:: 2009-02-12

Filing Date:: 2010-06-18
Accepted Time:: 2010-06-18 15:27:33
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1046672	Mexoro Minerals Ltd	MXOM	Gold And Silver Ores (1040)	841431797

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1296116	Mario Ayub	Eugenio Ramirez Calderon #1401 Col. San Felipe Chihuaha, Chih O5 31203		Yes	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2009-06-10	2,250,000	$0.00	3,708,000	No	4	C	Indirect	Held by Minera Rio Tinto, S.A. de C.V.
Common Stock	Disposition	2009-08-26	2,250,000	$0.00	1,458,000	No	4	S	Indirect	Held by Minera Rio Tinto, S.A. de C.V.
Common Stock	Acquisiton	2009-11-05	3,333,333	$0.00	4,791,333	No	4	C	Indirect	Held by Minera Rio Tinto, S.A. de C.V.
Common Stock	Acquisiton	2009-12-23	386,666	$0.00	386,666	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	Held by Minera Rio Tinto, S.A. de C.V.
No	4	S	Indirect	Held by Minera Rio Tinto, S.A. de C.V.
No	4	C	Indirect	Held by Minera Rio Tinto, S.A. de C.V.
No	4	P	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Units	8% Secured Convertible Debenture due 2012	Acquisiton	2009-02-12	0	$0.00	1,666,667	$0.60
Units	15% Secured Convertible Debenture due 2010	Acquisiton	2009-05-09	0	$0.00	1,250,000	$0.20
Units	15% Secured Convertible Debenture due 2010	Disposition	2009-06-10	0	$0.00	1,250,000	$0.20
Common Stock	Warrant to Purchase Common Stock	Acquisiton	2009-09-21	300,000	$0.00	300,000	$0.36
Common Stock	Warrant to Purchase Common Stock	Acquisiton	2009-11-05	1,666,667	$0.00	1,666,667	$0.50
Units	8% Secured Convertible Debenture due 2012	Disposition	2009-11-05	0	$0.00	1,666,667	$0.60
Common Stock	Warrant to Purchase Common Stock	Acquisiton	2009-12-23	193,333	$0.00	193,333	$0.50

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2009-05-08	2012-05-08	No	4	P	Indirect
0	2009-05-09	2010-03-25	No	4	P	Indirect
0	2009-05-09	2010-03-25	No	4	D	Indirect
300,000		2012-09-21	No	4	P	Indirect
1,666,667	2009-11-05	2012-05-08	No	4	P	Indirect
0	2009-05-08	2012-05-08	No	4	D	Indirect
193,333	2010-12-23	2011-12-23	No	4	P	Indirect

Footnotes

Mr. Ayub is the President of Minera Rio Tinto, S.A. de C.V. ("MRT") and may be deemed to have voting and investment power over the shares of the Issuer held directly by MRT. Mr. Ayub disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
The Issuer defaulted on payment obligations due under the 15% Secured Convertible Debenture due March 2010 and MRT acquired 2,250,000 shares of common stock in lieu of repayment.
The consideration for the sale by Mr. Ayub was services rendered by the purchasers.
MRT exercised conversion rights on the 8% Secured Convertible Debenture due 2012 and was issued 3,333,333 shares of common stock and a warrant to purchase 1,666,666 shares of common stock at an exercise price of $0.50 per share.
In consideration for the payments and the issuance of securities, Mr. Ayub and MRT agreed to discharge all of Issuer's outstanding debt owed to them by the Issuer in the amount of $320,267.
Each unit represents 2 shares of common stock and 1 warrant to purchase shares of common stock.
Each unit represents 1 share of common stock and 0.5 warrant to purchase shares of common stock. The debenture is secured by 2,250,000 shares of the Issuer's common stock.
The shares subject to the warrant shall vest in 4 equal installments, beginning on the 6 month anniversary of the date of issuance, with the remaining installments vesting every 6 months thereafter, contingent upon MRT Investments Ltd. continuing to provide services to the Issuer during such vesting period.