Oroco Resource arranges $600,000 private placement
Oroco Resource arranges $600,000 private placement
2017-10-12 20:06 ET – News Release
Mr. Craig Dalziel reports
OROCO ANNOUNCES PRIVATE PLACEMENT
Oroco Resource Corp. intends to complete a non-brokered private placement of up to eight million units at a price of 7.5 cents per unit to raise gross proceeds of up to $600,000. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole share purchase warrant will be exercisable into one additional common share for a period of 18 months at a price of 12.5 cents per share. The private placement is subject to the acceptance of the TSX Venture Exchange.
The proceeds of the private placement will be used for intended acquisitions of mineral properties in Mexico.
