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.
Cautionary Note Regarding Forward Looking Information
This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking
statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact
included herein, including without limitation, statements relating to future events or achievements of the Company, are forward-looking
statements. There can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future
events could differ materially from those anticipated or implied in such statements. Many factors, both known and unknown, could cause
actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be
expressed or implied by such forward-looking statements. Readers should not place undue reliance on the forward-looking statements
and information contained in this news release concerning these matters. Oroco does not assume any obligation to update the forward-
looking statements should they change, except as required by law.
View original content:
http://www.prnewswire.com/news-releases/oroco-announces-increase-in-private-placement-300630627.html
SOURCE
Oroco Resource Corp.
View original content: http://www.newswire.ca/en/releases/archive/April2018/16/c7210.html
%SEDAR: 00026117E
For further information:
please contact: Mr. Craig Dalziel, President and CEO, Oroco Resource Corp., Tel: 604-688-6200
CO: Oroco Resource Corp.
CNW 15:34e 16-APR-18