OROCO CLOSES NON-BROKERED PRIVATE PLACEMENT
Oroco Resource Corp (TSX-V: OCO, OTC: ORRCF) has successfully completed a non-brokered private placement, raising $2.3 million through the sale of 9,214,223 units at $0.25 per unit. Each unit includes one share and one purchase warrant, allowing holders to buy one share at $0.40 within 24 months of closing.
Company insiders, including Executive Chairman Craig Dalziel's ATM Mining Corp, director Stephen Leahy, and CFO Steve Vanry's wife Kelly Vanry, acquired 3,850,000 units. The company will pay $900 and issue 3,600 finder's warrants as fees. The proceeds will fund the Santo Tomás Project in Sinaloa State, Mexico, along with working capital and corporate purposes. All shares are subject to a hold period until June 29, 2025.
Oroco Resource Corp (TSX-V: OCO, OTC: ORRCF) ha completato con successo un collocamento privato non intermediazione, raccogliendo 2,3 milioni di dollari attraverso la vendita di 9.214.223 unità a 0,25 dollari per unità. Ogni unità comprende una azione e un warrant di acquisto, che consente ai possessori di acquistare un'azione a 0,40 dollari entro 24 mesi dalla chiusura.
I membri interni dell'azienda, inclusi l'Executive Chairman Craig Dalziel con ATM Mining Corp, il direttore Stephen Leahy e la moglie del CFO Steve Vanry, Kelly Vanry, hanno acquisito 3.850.000 unità. L'azienda pagherà 900 dollari e emetterà 3.600 warrant per il finder come commissioni. I proventi finanzieranno il Progetto Santo Tomás nello Stato di Sinaloa, Messico, insieme a capitale circolante e scopi aziendali. Tutte le azioni sono soggette a un periodo di blocco fino al 29 giugno 2025.
Oroco Resource Corp (TSX-V: OCO, OTC: ORRCF) ha completado con éxito una colocación privada sin intermediarios, recaudando 2.3 millones de dólares a través de la venta de 9,214,223 unidades a 0.25 dólares por unidad. Cada unidad incluye una acción y un warrant de compra, que permite a los titulares comprar una acción a 0.40 dólares dentro de los 24 meses posteriores al cierre.
Los miembros internos de la empresa, incluido el presidente ejecutivo Craig Dalziel de ATM Mining Corp, el director Stephen Leahy y la esposa del CFO Steve Vanry, Kelly Vanry, adquirieron 3,850,000 unidades. La empresa pagará 900 dólares y emitirá 3,600 warrants para el finder como comisiones. Los ingresos financiarán el Proyecto Santo Tomás en el Estado de Sinaloa, México, junto con capital de trabajo y fines corporativos. Todas las acciones están sujetas a un período de bloqueo hasta el 29 de junio de 2025.
Oroco Resource Corp (TSX-V: OCO, OTC: ORRCF)는 비중개 민간 배치를 성공적으로 완료하여 230만 달러를 모금했습니다. 0.25달러에 9,214,223개의 유닛을 판매했습니다. 각 유닛은 한 주식과 한 구매 워런트를 포함하며, 보유자는 종료 후 24개월 이내에 0.40달러에 한 주식을 구매할 수 있습니다.
회사의 내부자들은 ATM Mining Corp의 최고 집행 위원 Craig Dalziel, 이사 Stephen Leahy, CFO Steve Vanry의 아내 Kelly Vanry를 포함하여 3,850,000개의 유닛을 인수했습니다. 회사는 900달러를 지급하고 3,600개의 파인더 워런트를 수수료로 발행할 것입니다. 수익금은 멕시코 시날로아 주의 Santo Tomás 프로젝트와 운영 자본 및 기업 목적에 사용될 것입니다. 모든 주식은 2025년 6월 29일까지 보유 기간이 적용됩니다.
Oroco Resource Corp (TSX-V: OCO, OTC: ORRCF) a réussi à réaliser un placement privé sans intermédiaire, levant 2,3 millions de dollars grâce à la vente de 9.214.223 unités à 0,25 dollar par unité. Chaque unité comprend une action et un bon de souscription, permettant aux détenteurs d'acheter une action à 0,40 dollar dans les 24 mois suivant la clôture.
Les initiés de l'entreprise, y compris le président exécutif Craig Dalziel de ATM Mining Corp, le directeur Stephen Leahy et l'épouse du CFO Steve Vanry, Kelly Vanry, ont acquis 3.850.000 unités. L'entreprise paiera 900 dollars et émettra 3.600 bons de souscription en tant que frais. Les produits financeront le projet Santo Tomás dans l'État de Sinaloa, au Mexique, ainsi que le fonds de roulement et les besoins de l'entreprise. Toutes les actions sont soumises à une période de blocage jusqu'au 29 juin 2025.
Oroco Resource Corp (TSX-V: OCO, OTC: ORRCF) hat erfolgreich eine nicht vermittelte Privatplatzierung abgeschlossen und 2,3 Millionen Dollar durch den Verkauf von 9.214.223 Einheiten zu je 0,25 Dollar pro Einheit gesammelt. Jede Einheit umfasst eine Aktie und einen Kaufwarrant, der den Inhabern erlaubt, innerhalb von 24 Monaten nach Abschluss eine Aktie zu 0,40 Dollar zu kaufen.
Unternehmensinsider, einschließlich des Executive Chairman Craig Dalziel von ATM Mining Corp, Direktor Stephen Leahy und der Ehefrau des CFO Steve Vanry, Kelly Vanry, haben 3.850.000 Einheiten erworben. Das Unternehmen wird 900 Dollar zahlen und 3.600 Finder-Warrants als Gebühren ausgeben. Die Einnahmen werden das Santo Tomás-Projekt im Bundesstaat Sinaloa, Mexiko, sowie Betriebskapital und Unternehmenszwecke finanzieren. Alle Aktien unterliegen einer Haltedauer bis zum 29. Juni 2025.
- Raised $2.3M in fresh capital
- Strong insider participation with 3.85M units purchased
- Minimal finder's fees of only $900
- Dilutive financing at $0.25 per unit
- Additional potential dilution from warrant exercise at $0.40
VANCOUVER, Canada, March 03, 2025 (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
ATM Mining Corp., a company controlled by Craig Dalziel, Executive Chairman of the Company, Stephen Leahy, director, and Kelly Vanry, wife of Steve Vanry, Chief Financial Officer and director of the Company, participated in the Offering and purchased an aggregate of 3,850,000 units. The participation of the insiders 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 their respective participation is less than
The Company will pay
The Company will use the proceeds of the Private Placement for the advancement of the Santo Tomás Project located in Sinaloa State, Mexico, as well as working capital, corporate marketing and other general corporate purposes.
The shares and any shares issued pursuant to the exercise of the warrants are subject to a hold period expiring June 29, 2025. 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.
ABOUT OROCO:
The Company holds a net
The drilling and subsequent resource estimates and engineering studies led to a revised MRE and an updated PEA being published and filed in August of 2024, which studies are available at the Company’s website www.orocoresourcecorp.com and by reviewing the Company profile on SEDAR+ at www.sedarplus.ca.
The Santo Tomas Project is located within 170 km of the Pacific deep-water port at Topolobampo and is serviced via highway and proximal rail (and parallel corridors of trunk grid power lines and natural gas) through the city of Los Mochis to the northern city of Choix. The property is reached, in part, by a 32 km access road originally built to service Goldcorp’s El Sauzal Mine in Chihuahua State.
Additional information about Oroco can be found on its website and by reviewing its profile on SEDAR+ at www.sedarplus.ca.
For further information, please contact:
Richard Lock, CEO
Oroco Resource Corp.
Tel: 604-688-6200
Email: info@orocoresourcecorp.com
www.orocoresourcecorp.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This news release includes certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact included herein, including, without limitation, statements relating to future events or achievements of the Company, are forward-looking statements. There can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated or implied in such statements. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these matters. Oroco does not assume any obligation to update the forward-looking statements should they change, except as required by law.
FAQ
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