OCO

OROCO ISSUES INCENTIVE OPTIONS

Retrieved on: 
Tuesday, April 9, 2024
TSX Venture Exchange, OCO, OTC, Consultant

VANCOUVER, Canada, April 09, 2024 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) announces that pursuant to the Company's Stock Option Plan and subject to approval by the TSX Venture Exchange, it has granted a total of 6,235,000 incentive stock options to 33 directors, officers, employees and consultants of the Company at an exercise price of $0.75 per share, with a term of 3 years.

Key Points: 
  • VANCOUVER, Canada, April 09, 2024 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) announces that pursuant to the Company's Stock Option Plan and subject to approval by the TSX Venture Exchange, it has granted a total of 6,235,000 incentive stock options to 33 directors, officers, employees and consultants of the Company at an exercise price of $0.75 per share, with a term of 3 years.
  • Of that total option grant, 3,075,000 incentive options have been granted to officers and directors of the Company.
  • All options will vest in 4 installments with one-quarter vesting on the grant and thereafter upon each of the 3, 6, and 9-month anniversaries of the grant.
  • The Company now has 13,685,000 incentive options outstanding, equating to 6 percent of the currently issued and outstanding shares of the Company, at an average exercise price of $1.42 per share.

OROCO COMPLETES FINAL CLOSING OF NON-BROKERED PRIVATE PLACEMENTS

Retrieved on: 
Tuesday, February 20, 2024
OCO, Prospectus, TSX Venture Exchange, OTC, Sale, Private, Private placement, Security (finance)

Vancouver, Canada, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) is pleased to announce the closing of a non-brokered private placement (the “Private Placement”) raising net proceeds of $1,028,000 through the sale of 2,570,000 units at a price of $0.40 per unit.

Key Points: 
  • Vancouver, Canada, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) is pleased to announce the closing of a non-brokered private placement (the “Private Placement”) raising net proceeds of $1,028,000 through the sale of 2,570,000 units at a price of $0.40 per unit.
  • Each share purchase warrant entitles the holder to purchase one share at the price of $0.65 per share for a period of 18 months from closing.
  • Commenting on the Private Placement, Richard Lock, CEO, stated: “In completing our recent series of private placements, we are very pleased to have exceeded our overall funding goal of five million dollars, despite the highly adverse market conditions.
  • The Private Placement was carried out under prospectus exemptions of applicable securities laws and is subject to final acceptance by the TSX Venture Exchange.

OROCO CLOSES NON-BROKERED PRIVATE PLACEMENT

Retrieved on: 
Tuesday, January 16, 2024
Private, ATM, Mining, Prospectus, Sale, OTC, TSX Venture Exchange, Multilateral, Exercise, OCO, Security (finance)

Vancouver, Canada, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) is pleased to announce the closing of a non-brokered private placement (the “Private Placement”) raising gross proceeds of $1,454,302.80 through the sale of 3,635,757 units at a price of $0.40 per unit.

Key Points: 
  • Vancouver, Canada, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) is pleased to announce the closing of a non-brokered private placement (the “Private Placement”) raising gross proceeds of $1,454,302.80 through the sale of 3,635,757 units at a price of $0.40 per unit.
  • The Company will pay 73,000 common shares in finder’s fees (the “Finders Fee Shares”) to an agent in connection with the Private Placement.
  • The Company will use the proceeds of the Private Placement for working capital and corporate overhead.
  • The Private Placement was carried out pursuant to prospectus exemptions of applicable securities laws and is subject to final acceptance by the TSX Venture Exchange.

OROCO ANNOUNCES PRIVATE PLACEMENT

Retrieved on: 
Wednesday, January 3, 2024
Private, TSX, OTC, OCO, Security (finance)

Vancouver, Canada, Jan. 02, 2024 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) is pleased to announce a non-brokered private placement to raise gross proceeds of up to $1,000,000 (the "Private Placement") through the issuance of up to 2,500,000 units (each a "Unit") at a price of $0.40 per Unit.

Key Points: 
  • Vancouver, Canada, Jan. 02, 2024 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) is pleased to announce a non-brokered private placement to raise gross proceeds of up to $1,000,000 (the "Private Placement") through the issuance of up to 2,500,000 units (each a "Unit") at a price of $0.40 per Unit.
  • The Company intends to use the net proceeds of the Private Placement for working capital and for general corporate purposes.
  • Closing of the proposed private placement is subject to obtaining all required approvals, including the approval of the TSX-V and any other regulatory approval.
  • All securities issued pursuant to the Private Placement will be subject to a hold period of four months from the closing date.

OROCO FILES PEA TECHNICAL REPORT FOR SANTO TOMAS

Retrieved on: 
Friday, December 1, 2023
Report, National instrument, PEA, News, Technical report, OCO, National Instrument 43-101, Rare-earth element

Vancouver, Canada, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (“Oroco” or the “Company”) (TSXV: OCO; OTCQB: ORRCF, BF: OR6) is pleased to announce the filing of an independently prepared Preliminary Economic Assessment (“PEA”) technical report (the “Report”) for its Santo Tomas Project in Sinaloa, Mexico.

Key Points: 
  • Vancouver, Canada, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (“Oroco” or the “Company”) (TSXV: OCO; OTCQB: ORRCF, BF: OR6) is pleased to announce the filing of an independently prepared Preliminary Economic Assessment (“PEA”) technical report (the “Report”) for its Santo Tomas Project in Sinaloa, Mexico.
  • The Report, dated October 11, 2023 and titled “Santo Tomas Copper Project NI 43-101 Technical Report and Preliminary Economic Assessment”, has been prepared in accordance with National Instrument 43-101 – Standards of Disclosure of Mineral Projects.
  • Results of the PEA were previously announced in the Company’s news release dated October 17, 2023.
  • The Report is available on the Company’s website at www.oroc oresourcecorp.com and on SEDAR under the Company’s issuer profile at www.sedarplus.ca.

OROCO CLOSES NON-BROKERED PRIVATE PLACEMENT

Retrieved on: 
Friday, December 1, 2023
Private, OCO, TSX Venture Exchange, Sale, CFO, Private placement, Multilateral, ATM, Mining, TSX, OTC, Corporation, Exercise, Security (finance)

Vancouver, Canada, Nov. 30, 2023 (GLOBE NEWSWIRE) -- November 30, 2023) Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) is pleased to announce that it has closed a non-brokered private placement (the “Private Placement”) raising gross proceeds of $2,691,940 through the sale of 6,729,850 units at a price of $0.40 per unit.

Key Points: 
  • Vancouver, Canada, Nov. 30, 2023 (GLOBE NEWSWIRE) -- November 30, 2023) Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) is pleased to announce that it has closed a non-brokered private placement (the “Private Placement”) raising gross proceeds of $2,691,940 through the sale of 6,729,850 units at a price of $0.40 per unit.
  • The Company has received conditional approval from the TSX Venture Exchange for the Private Placement but has yet to receive final approval.
  • The participation of each in the Private Placement is exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 as the fair market value of each participation is less than 25% of the market capitalization of the Company.
  • No finder’s fees were paid in connection with the Private Placement.

OROCO ANNOUNCES PRIVATE PLACEMENT

Retrieved on: 
Monday, November 20, 2023
Private, TSX, OCO, Security (finance)

(“Oroco” or the “Company”) (TSXV: OCO; OTCQB: ORRCF, BF: OR6) is pleased to announce a non-brokered private placement to raise gross proceeds of up to $2,500,000 (the "Private Placement") through the issuance of up to 6,250,000 units (each a "Unit") at a price of $0.40 per Unit.

Key Points: 
  • (“Oroco” or the “Company”) (TSXV: OCO; OTCQB: ORRCF, BF: OR6) is pleased to announce a non-brokered private placement to raise gross proceeds of up to $2,500,000 (the "Private Placement") through the issuance of up to 6,250,000 units (each a "Unit") at a price of $0.40 per Unit.
  • The Company intends to use the net proceeds of the Private Placement for working capital to advance its Santo Tomas project and for general corporate purposes.
  • Closing of the proposed private placement is subject to obtaining all required approvals, including the approval of the TSX-V and any other regulatory approval.
  • All securities issued pursuant to the Private Placement will be subject to a hold period of four months from the closing date.

OROCO CLOSES NON-BROKERED PRIVATE PLACEMENT

Retrieved on: 
Tuesday, August 15, 2023
Exercise, TSX Venture Exchange, Private placement, Sale, OCO, ATM, Multilateral, Private, Mining, OTC, Security (finance)

Vancouver, Canada, Aug. 15, 2023 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) is pleased to announce that it has closed a fully subscribed non-brokered private placement (the “Private Placement”) raising gross proceeds of $1,750,000 through the sale of 2,692,308 units at a price of $0.65 per unit.

Key Points: 
  • Vancouver, Canada, Aug. 15, 2023 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) is pleased to announce that it has closed a fully subscribed non-brokered private placement (the “Private Placement”) raising gross proceeds of $1,750,000 through the sale of 2,692,308 units at a price of $0.65 per unit.
  • The Company has received conditional approval from the TSX Venture Exchange for the Private Placement but has yet to receive final approval.
  • ATM Mining Corp. (ATM”), a company controlled by Craig Dalziel, Executive Chairman of the Company, and Richard Lock, CEO and a director of the Company, participated in the Private Placement.
  • No finder’s fees were paid in connection with the Private Placement.

OROCO ANNOUNCES FILING OF TECHNICAL REPORT FOR THE SANTO TOMAS PROJECT

Retrieved on: 
Friday, June 16, 2023
Orocó, Technical report, OCO, Report, National instrument, SEDAR, National Instrument 43-101, News, Technical, Rare-earth element, Oil, Uranium mining

Vancouver, Canada, June 16, 2023 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (“Oroco” or the “Company”) (TSXV: OCO; OTCQB: ORRCF, BF: OR6) is pleased to announce that it has filed a report titled Santo Tomas Project NI 43-101 Technical Report Mineral Resource Estimate” (the “Report”) prepared in accordance with National Instrument 43-101 – Standards of Disclosure of Mineral Projects (“NI 43-101”).

Key Points: 
  • Vancouver, Canada, June 16, 2023 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (“Oroco” or the “Company”) (TSXV: OCO; OTCQB: ORRCF, BF: OR6) is pleased to announce that it has filed a report titled Santo Tomas Project NI 43-101 Technical Report Mineral Resource Estimate” (the “Report”) prepared in accordance with National Instrument 43-101 – Standards of Disclosure of Mineral Projects (“NI 43-101”).
  • The Report is in support of the mineral resource estimate for Oroco’s Santo Tomas Project in Sinaloa Mexico, previously reported in the Company's news release of May 3, 2023.
  • This report was prepared as a NI 43-101 technical report on a mineral resource estimate for Oroco Resource Corporation (Oroco or the Company) by Ausenco Engineering USA South Inc. and Ausenco Engineering Canada, Inc. and SRK Consulting (US), Inc., SRK Consulting (Canada), on the Santo Tomas Project (the Project) with an effective date of April 21, 2023.
  • The Report is available on SEDAR under the Company’s issuer profile at www.sedar.com and on its website at www.orocoresourcecorp.com .

Oroco Announces Grant of Stock Options

Retrieved on: 
Tuesday, April 4, 2023
Exercise, TSX Venture Exchange, OCO, Option, OTC, Pharmaceutical industry

Vancouver, Canada, April 04, 2023 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) is pleased to announce the grant of 450,000 incentive stock options (the “Options’) to Richard Lock, CEO and Director of the.

Key Points: 
  • Vancouver, Canada, April 04, 2023 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) is pleased to announce the grant of 450,000 incentive stock options (the “Options’) to Richard Lock, CEO and Director of the.
  • Company
    The Options are exercisable at the price of $1.10 per share for a term of 3 years, expiring on April 3, 2026, with 150,000 Options vesting immediately and a further 150,000 Options vesting on each of July 3, 2023 and October 3, 2023.
  • The Options are governed by the terms of the Company’s 2022 Stock Option Plan and Mr. Lock’s services agreement with the Company.
  • The grant of the Options is subject to the approval of the TSX Venture Exchange.