Oroco agreement for Papago 17 interest accepted
Oroco agreement for Papago 17 interest
2018-02-27 19:40 ET – Property Agreement
The TSX Venture Exchange has accepted for filing a property agreement dated Jan. 26, 2018, between Minera Xochipala S.A. de C.V. (a wholly owned subsidiary of Oroco Resources Corp., the company) and Ubaldo Treviszo Ledezma (the vendor), whereby the company may acquire a 77.5-per-cent interest in the Papago 17 mineral concession (212 hectares), located in Sinaloa, Mexico. Consideration is 100,000 Mexican pesos (approximately $6,700 (Canadian)) and two million common shares (deliverable upon issuance of the mineral concession). The property is subject to a 2-per-cent net smelter return (NSR).
