|Bid||0.2600 x 0|
|Ask||0.2700 x 0|
|Day's Range||0.2600 - 0.2700|
|52 Week Range||0.1100 - 0.3900|
|Beta (3Y Monthly)||3.19|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Oroco Resource Corp. (TSX-V: OCO) (“Oroco” or “the Company”) 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, certain interests in those concessions. Closure Petition: A petition has been filed with the Thirteenth Civil Court of the City of Mexico (the “State Court”) seeking a declaration that a judgement generated in early 2016 by that court in favour of the Aztec Companies (the “Judgement”) cannot be executed or enforced. The petition is based on what are, in the strong opinion of our legal counsel, certain fatal and incurable flaws which exist in the underlying documentation necessary to the registration of any title interest in favour of the Aztec Companies. It should be noted that the Company does not expect to prevail in the State Court for reason of the demonstrated reluctance of the Mexican courts at this level to nullify previous decisions. However, the Company fully expects to prevail at the Appeal Court level. Such an eventual result would permanently prohibit any further attempt to enforce the Judgement.
In connection with the option agreement (the "Option Agreement") between Oroco, Altamura Copper Corp. ("Altamura") and its shareholders, the Company is preparing the management information circular (the "Circular") to provide the shareholders of Oroco with prospectus-level disclosure regarding Altamura and the Santo Tomas Concessions, in order to seek shareholder approval of Oroco's exercise of the option (the "Option") as set out in the Option Agreement. The financial statements of Altamura are also being prepared for inclusion in the Circular.
VANCOUVER, Nov. 2, 2018 /CNW/ - Oroco Resource Corp. (TSX-V: OCO) ("Oroco" or "the Company") is pleased to announce that it has closed the non-brokered private placement financing (the "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 purchase warrant will be exercisable into one additional common share for a period of 18 months from closing at a price of $0.32 per share.
VANCOUVER , Oct. 25, 2018 /CNW/ - Oroco Resource Corp. (TSX-V: OCO) ("Oroco" or the "Company") is pleased to announce that, due to the private placement previously announced on October ...
VANCOUVER , Oct. 9, 2018 /CNW/ - Trading resumes in: Company: OROCO RESOURCES CORP TSX-Venture Symbol: OCO Resumption (ET): 8:00 AM Oct. 10, 2018 IIROC can make a decision to impose a temporary suspension ...
VANCOUVER, Oct. 9, 2018 /CNW/ - Oroco Resource Corp. (TSX-V:OCO.V - News) ("Oroco" or the "Company") is pleased to announce that further to its news release dated February 23, 2018, Oroco has entered into a definitive option agreement (the "Option Agreement") with Altamura Copper Corp. ("Altamura") and its shareholders (the "Optionors") 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 "Option"). The Company currently holds an approximate 13% equity interest in Altamura. The Company may exercise the Option by issuing an aggregate of 39,800,000 (thirty-nine million eight hundred thousand) common shares of Oroco to the Optionors in exchange for all of their common shares of Altamura. Oroco may exercise or terminate the Option in its sole discretion at any time within three years. Oroco also entered into a loan agreement (the "Loan Agreement") with Altamura to advance, for working capital purposes, an aggregate amount of up to US$600,000 (the "Loan"), of which US$275,000 has already been advanced to Altamura. Each advance of a Loan amount is subject to Oroco's approval at its sole discretion. The Loan is secured by a promissory note, bears interest at the rate of 12% per annum and is re-payable within 90 days of demand, such demand not to be made during the term of the Option.
VANCOUVER , Oct. 1, 2018 /CNW/ - The following issues have been halted by IIROC: Company: Oroco Resource Corp. TSX-Venture Symbol: OCO (all issues) Reason: At the Request of the Company Pending News Halt ...
VANCOUVER, Aug. 15, 2018 /CNW/ - Oroco Resource Corp. (TSX-V: OCO) (US: ORRCF) ("Oroco" or "the Company") 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 associated interpreted sections, drilling, composite and digital models and reports dated from 1992 to 2011. Mr. Thornton and Mintec, Inc. have maintained custodial status of the data throughout that period and until present day.
VANCOUVER , Aug. 8, 2018 /CNW/ - Oroco Resource Corp. ( TSX-V: OCO ) ( OTC: ORRCF ) (" Oroco " or " the Company ") is pleased to announce that the Papago 17 mineral concession, which ...
VANCOUVER , May 31, 2018 /CNW/ - Oroco Resource Corp. ( TSX-V: OCO ) (" Oroco " or " the Company ") announces that, further to its news release of February 23, 2018 , it has obtained ...
VANCOUVER, April 11, 2018 /CNW/ - Oroco Resource Corp. (TSX-V:OCO.V - News) ("Oroco" or "the Company") is pleased to announce that it intends to complete a non-brokered private placement (the "Private Placement") of up to 7,500,000 units at a price of $0.10 per unit to raise gross proceeds of up to $750,000. 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 from closing at a price of $0.16 per share.