|Bid||0.4050 x 0|
|Ask||0.4200 x 0|
|Day's Range||0.4050 - 0.4200|
|52 Week Range||0.1800 - 0.7400|
|Beta (3Y Monthly)||0.84|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
VANCOUVER , Sept. 9, 2019 /CNW/ - Oroco Resource Corp. (TSX-V: OCO) ("Oroco" or "the Company") is pleased to announce the filing on SEDAR of an Independent Geological Report (the "Report") on the Santo Tomás concessions ("the Property") in Northwestern Mexico . The Report, dated August 22, 2019 , has been prepared by Dane A. Bridge Consulting Inc. ("Bridge Consulting") of Calgary, Alberta , for filing by the Company with the TSX Venture Exchange (the "TSXV") in connection with the Company's option to acquire Altamura Copper Corp. ("Altamura").
Pursuant to the policies of the TSX Venture (the "Exchange"), all shares issued in this first tranche, and any shares issued pursuant to the exercise of the warrants, are subject to a hold period expiring December 7, 2019 . Finder's fees of 19,200 warrants are being paid in connection with the Financing. Each finder's fee warrant will entitle the holder to purchase one common share of the Company for a period of 24 months from closing at a price of $0.45 per share.
VANCOUVER , July 26, 2019 /CNW/ - Oroco Resource Corp. (OCO.V) ("Oroco" or "the Company") is pleased to announce a non-brokered private placement (the "Private Placement") of 3,000,000 units at a price of $0.45 per unit. Each unit will consist of one common share of the Company 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 24 months at a price of $0.70 per share.
VANCOUVER , July 12, 2019 /CNW/ - Oroco Resource Corp. (TSX-V: OCO) ("Oroco" or "the Company") is pleased to announce that it has entered into a Letter Agreement for the acquisition, through its wholly-owned Mexican subsidiary, Minera Xochipala, S.A. de C.V., of an 80% interest in the 766.7 ha Rossy mineral concession situated within the NE limits of Oroco's existing land assembly at Santo Tomas. The westernmost boundary of the Rossy concession lies 750 meters from the eastern boundary of the Bob concession, which covers a significant portion of the Santo Tomas North Zone. Oroco has acquired its interest in the Rossy concession in consideration for the payment of US$125,000 over two years, the issuance by Oroco of 300,000 shares, and the grant to third parties of an aggregate 1.5% net smelter royalty. The transaction is subject to the approval of the TSX Venture Exchange.
VANCOUVER , July 9, 2019 /CNW/ - Oroco Resource Corp. (TSX-V: OCO) ("Oroco" or "the Company") is pleased to announce that it has engaged Mr. Mark Stevens , C.P.G., of Denver Colorado as a technical consultant to the Oroco team. Mr. Stevens is initially leading an independent geological review of the historical resource files pertaining to the Santo Tomas Cu-(Mo-Au-Ag) Porphyry Deposit in Sinaloa State, Mexico. Mr. Stevens will thereafter be a central participant in the planning for an updated resource estimate and additional exploration work at Santo Tomas, as part of the technical and commercial advancement of the mining project. Mr. Stevens is a highly experienced exploration, evaluation and resource geologist who was formerly the V.P. Exploration for Augusta Resources, whose primary asset was the world class Rosemont Copper Project in southern Arizona .
VANCOUVER , June 19, 2019 /CNW/ - Oroco Resource Corp. (TSX-V: OCO) ("Oroco" or "the Company") is pleased to announce that it has engaged San Diego Torrey Hills Capital, Inc. ("Torrey Hills Capital") to provide market awareness and investor relations services to the Company. Torrey Hills Capital is a leading investor and financial public relations firm specializing in small and microcap companies. Torrey Hills Capital will increase awareness of the Company through its established relationships with investment professionals, investment advisors, and money managers focused on the microcap market space.
VANCOUVER , June 11, 2019 /CNW/ - At the request of IIROC, Oroco Resource Corp. (TSX-V: OCO) ("Oroco" or "the Company") is providing the following clarifications to its news release of June 7, 2019 wherein the Company announced the receipt of the initial draft of an Independent Technical Report regarding the Geology, Mineralization, and Exploration of the Santo Tomás Cu-(Mo-Au-Ag) Porphyry Deposit in Sinaloa, Mexico ("the Technical Report"). The Company wishes to clarify certain disclosure in compliance with NI 43-101, 2.4 – Disclosure of Historical Estimates. Specifically the historical Bateman Report cited in the news release, discloses an historical estimate of 950 million tonnes above a cut-off grade of 0.20% Cu, and contains approximately 7.4 billion pounds of copper. The conclusion and results of the historical Bateman Report are no longer considered current. The Mintec, Inc. resource estimate included in the historical Bateman Report (1994) is the last publicly released mineral resource estimate, but utilized a classification scheme other than those set out in NI 43-101.
VANCOUVER , June 7, 2019 /CNW/ - Oroco Resource Corp. (TSX-V: OCO) ("Oroco" or "the Company") is pleased to announce the receipt of the initial draft of an Independent Technical Report regarding the Geology, Mineralization, and Exploration of the Santo Tomas Cu-(Mo-Au-Ag) Porphyry Deposit in Sinaloa, Mexico ("the Technical Report"). The Technical Report has been prepared by Dane A. Bridge Consulting Inc. of Calgary, Alberta , for use by the Company and by Altamura Copper Corp. ("Altamura") for filing as a Technical Report with Canadian securities authorities pursuant to National Instrument 43-101, Standards of Disclosure for Mineral Projects, per the NI 43-101F guidelines.
VANCOUVER , May 9, 2019 /CNW/ - Oroco Resource Corp. (TSX-V: OCO) ("Oroco" or "the Company") is pleased to announce that, further to its news release of May 7, 2019 , it has now obtained written confirmation of the decision of the Mexican federal appeal court which will result in the nullification of a 2016 judgement of the Thirteenth Civil Court of Mexico City (the "Judgement"), and the removal of the annotation of the Judgment in the Mexican Mining Registry. The annotation of the Judgment has been impeding the registration of the Santo Tomas concessions to a subsidiary of Altamura Copper Corp. The decision of the federal appeal court is final, and is not subject to appeal. The Company currently holds an irrevocable option to acquire 100 percent of Altamura Copper Corp., a private B.C. company which holds a 50 percent interest in Compania Minera Ruero, S.A. de C.V., the registered owner of the Santo Tomas concessions, and an option to acquire the other 50 percent interest.
The existence of the Judgment, and in particular its related annotation recorded in the Mexican Mining Registry, was an impediment to the registration of the Concession titles to Xochipala Gold S.A. de C.V., a subsidiary of Altamura Copper Corp. ("Altamura"). Oroco currently owns 13.0 percent of Altamura and holds an irrevocable option to acquire the balance of Altamura (refer to the Company's news release of October 9 , 2018). Once written confirmation of the appeal court decision has been received, the Company will proceed to register the Concessions in the name of Xochipala Gold S.A. de C.V. The Company also reports that a criminal complaint against Aztec and Ron Arnold , the President of Aztec, for procedural fraud, in relation to the trial which resulted in the Judgement, has been filed with the Procuraduría General de Justicia de la Ciudad de Mexico .
VANCOUVER , April 17, 2019 /CNW/ - Oroco Resource Corp. (TSX-V: OCO) ("Oroco" or "the Company") is pleased to announce that it has closed a non-brokered private placement financing (the "Financing") through which the Company has raised proceeds of $800,000 by way of the sale of a total of 3,200,000 units at a price of $0.25 per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole common share purchase warrant will be exercisable into one additional common share for a period of 18 months from closing at a price of $0.40 per share. Pursuant to the policies of the TSX Venture (the "Exchange"), the shares and any shares issued pursuant to the exercise of the warrants are subject to a hold period expiring August 18, 2019 .
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.
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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 , Oct. 9, 2018 /CNW/ - Oroco Resource Corp. (OCO.V) ("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.