Oroco Resource Corp. is pleased to announce that it has been advised by its Mexican legal counsel that the Mexican Federal Appeal Court has rendered an oral decision which materially affects the status of the Santo Tomas concessions . The decision will nullify a 2016 judgement which had resulted from an unwarranted claim to the Concessions by Aztec Copper Inc. and its Mexican subsidiary. The Company is waiting for [...]
Oroco Resource s pleased to announce that it has closed a non-brokered private placement financing through which the Company has raised proceeds of $800,000 by way of the sale of a total of 3,200,000 units at a price of $0.25 per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole common share purchase warrant will be exercisable into one additional common share for [...]
Oroco Resource Corp. is pleased to announce that its affiliate, Altamura Copper Corp. , has acquired an option to purchase 40,000,000 shares of Aztec Copper Corp. held by Fierce Investments Ltd. . At the time of their issuance, the Aztec Shares represented in excess of 90 percent ownership of Aztec. Along with its Mexican subsidiary, Prime Aztec Mexicana, S.A. de C.V., Aztec is a plaintiff in the Mexican judgement [...]
Oroco Resource Corp. wishes to provide an update on the legal status of its interests in those mineral concessions in Sinaloa State, Mexico known as the Santo Tomas Concessions. This update is provided in furtherance of the Company’s news release of October 9, 2018, wherein Oroco announced that it had entered into a definitive option agreement with Altamura Copper Corp. and its shareholders to acquire, indirectly [...]
Oroco Resource Corp. announces that further to its news release dated October 9, 2018, Oroco has engaged an independent qualified person in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects to prepare a technical report on the Santo Tomas Concessions. In connection with the option agreement between Oroco, Altamura Copper Corp. and its shareholders, the Company is preparing the [...]
Oroco Resource Corp. is pleased to announce that it has closed the non-brokered private placement financing previously announced by news releases dated October 9, 2018 and October 25, 2018. The Company has raised gross proceeds of $750,000 through the sale of a total of 3,750,000 units at a price of $0.20 per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole share [...]
Oroco Resource Corp. is pleased to announce that, due to the private placement previously announced on October 9, 2018 being oversubscribed, it is increasing the Private Placement by an additional 750,000 units. The increased private placement will now comprise up to 3,750,000 units at a price of $0.20 per unit to raise gross proceeds of up to $750,000. Each unit will consist of one common share and one-half of one common [...]
Oroco Resource Corp. is pleased to announce that further to its news release dated February 23, 2018, Oroco has entered into a definitive option agreement with Altamura Copper Corp. and its shareholders whereby the Optionors have granted to Oroco the exclusive option to acquire the remaining issued and outstanding common shares of Altamura not owned by Oroco . The Company currently holds an approximate 13% equity [...]
Oroco Resource Corp. is pleased to announce that it has agreed to purchase from John C. Thornton, former Vice-President - Engineering of Mintec, Inc., historical technical information and data related to the Santo Tomas mineral deposit. Prepared by E.L. Bateman Engineering Company, Mountain States Research & Development International Inc., Mintec, Inc. and John Thornton, the data includes drill hole assays and [...]
Oroco Resource Corp. is pleased to announce that the Papago 17 mineral concession, which hosts the southern extension of the Santo Tomas mineralization zone in Sinaloa, Mexico, has been formally granted to Ubaldo Trevizo Ledezma of Choix, Sinaloa. Further to the Company's news release of February 23, 2018, the Company, through its wholly-owned subsidiary, Minera Xochipala, S.A. de C.V., acquired from Trevizo a 77.5 [...]
VANCOUVER, May 31, 2018 /CNW/ - Oroco Resource Corp. announces that, further to its news release of February 23, 2018, it has obtained an extension to June 30, 2018 of the term of the Company's option to acquire an additional 6.4% equity interest in Altamura Copper Corp. Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. View original [...]
Oroco Resource Corp. is pleased to announce that it has closed the non-brokered private placement financing previously announced by news releases dated April 11, 2018 and April 16, 2018. The Company has raised gross proceeds of $900,000 through the sale of a total of 9,000,000 units at a price of $0.10 per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole share [...]