Oroco Resources Corp. is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. to act as lead agent and sole bookrunner on behalf of a syndicate of agents in connection with a best efforts, private placement for gross proceeds of C$6,000,000 from the sale of 13,333,333 units of the Company at a price of C$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 Warrant shall entitle the holder to purchase one common share of the Company at a price of C$0.65 at any time on or before that date which is 24 months after the closing date of the Offering. The Agents will have an option, exercisable in full or in part, up to 48 hours prior to the closing of the Offering, to se...
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