Oroco Announces Increase in Private Placement
Oroco Announces Increase in Private Placement
VANCOUVER, April 16, 2018 /CNW/ – Oroco Resource Corp. (TSXV: OCO) (“Oroco” or “the Company”) is pleased to announce that, due to the private placement previously announced on April 11, 2018 (the “Private Placement”) being oversubscribed, but not yet closed, it is increasing the Private Placement by an additional 1,500,000 units. The increased private placement will now comprise up to 9,000,000 units at a price of $0.10 per unit (one share and one half share purchase warrant per unit) to raise gross proceeds of up to $900,000. Terms and conditions, and use of proceeds of the Private Placement remain as announced on April 11, 2018.
The Private Placement is subject to the acceptance of the TSX Venture Exchange.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
