TSX-V: OCO.V 0.3 OTCQB: ORRCF 0.21 BF: OR6 0.17

News

Presentations

Oroco Announces Exercise Of Warrants


June 9, 2011

VANCOUVER, British Columbia – (June 9, 2011) Oroco Resource Corp. (TSX-V: OCO) (“Oroco” or “the Company”) is pleased to announce that a cumulative total of 2,943,600 share purchase warrants, with an exercise price of $0.30, issued in connection with a November 2009 financing, have been exercised.  Proceeds to the Company were $883,080.

Additionally, the Company has granted to two individuanls, an officer of the Company and a consultant to the Company, a total of 420,000 stock options at an exercise price of $0.35 per share. The option grants are subject to TSX Venture Exchange approval.

About Oroco

Oroco is a Canadian-based mineral exploration company with its primary focus on the accelerated development of the gold-bearing oxide zones of its Cerro Prieto Oxide Gold Project in Sonora State, Mexico. In late 2010, Oroco received a positive Preliminary Economic Assessment for the Project. The Cerro Prieto Project consists of the San Felix, San Francisco, Elba and Cerro Prieto concessions, totaling 2,729 ha, and the contiguous 4,224 ha Argonauta 6 concession.

For further information, please contact: 
Mr. Craig Dalziel, President and CEO
Oroco Resource Corp. 
Tel: 604-688-6200 
www.orocoresourcecorp.com

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

Subscribe for Updates

These historical resource estimate models are based upon historical resource estimates prepared by John Thornton in 2011. While, in the opinion of Dane A. Bridge, author of the revised NI 43-101 standard technical report, Geology, Mineralization and Exploration of the Santo Tomas Cu-(Mo-Au-Ag) Porphyry Deposit, Sinaloa, Mexico dated April 21, 2020 (the “Report”), reliable estimation practices were used, in order to upgrade or verify the historical estimations, resampling and assay of historical drill samples, twinning of historical drill holes, and a new program of regularly spaced drilling is required. No qualified person has undertaken sufficient work to classify the current mineral resources or mineral reserves upon which these models are based and the Company is not treating the estimates as current estimates of the mineral resources. The Company gives no assurance that either these models or the historical resource estimates upon which they are based are accurate, and does not undertake any obligation to update the models or to release publicly any update or revisions of the resource estimates except as required by applicable securities law. The reader is cautioned not to rely upon these models or the historical resource estimates upon which they are based.

Please signify your understanding:

I Agree