Skip to main content

Oroco Resource Corp(OCO-X)
TSX Venture

Today's Change
Real-Time Last Update
Volume

OROCO CLOSES FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Globe Newswire - Fri Mar 25, 12:04PM CDT

Vancouver, Canada, March 25, 2022 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) is pleased to announce that it has closed the second and final tranche of the previously announced non-brokered private placement, issuing an additional 2,653,811 units at a price of $1.70 per unit, for gross proceeds of $4,511,478.70.  Each unit consists of one common share and one common share purchase warrant.  Each whole share purchase warrant will be exercisable into one additional common share for a period of 24 months from closing at a price of $2.40 per share.  Together with the first tranche, the Company has issued an aggregate of 10,708,696 units for gross proceeds of $18,204,783 (the “Financing”).

Read more at globenewswire.com

Provided Content: Content provided by Globe Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.