Oroco Announces Private Placement Financing
03/10/22, 4:05 PM
Location
vancouverOroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) is pleased to announce a private placement (the “Offering”) for gross proceeds of up to $13,600,000 from the sale of up to 8,000,000 units of the Company (each, a “Unit”) at a price of $1.70 per Unit. Each Unit will consist of one common share of the Company and one share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one common share of the Company at a price of $2.40 for a period of 24 months from the closing date of the Offering.
Company Info
Location
vancouver, washington, united states
Additional Info
The Company may pay finder’s fees on the sale of the Units in accordance with the policies of the TSXV. The Company holds a net 73.2% interest in the collective 1,172.9 ha Core Concessions of the Santo Tomas Project in NW Mexico. The Company also holds a 77.5% interest in 7,807.9 ha of mineral concessions surrounding and adjacent to the Core Concessions (for a total project area of 22,192 acres).