Oroco Announces Private Placement

Oroco Announces Private Placement

VANCOUVER

,

April 11, 2018

/CNW/ -

Oroco Resource Corp. (TSX-V: OCO) ("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.

The exercise period for the warrants may be accelerated to 30 days if, at any time after the first 4 months of the warrant exercise period, the

volume-weighted trading average of the Company's shares over a period of 20 consecutive trading days exceeds

$0.35

.

The Private Placement is subject to the acceptance of the TSX Venture Exchange.

The net proceeds of the private placement will be used for exploration expenditures, payment of mineral concession duties, costs associated with

intended acquisitions, and general and administrative expenses.

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-private-placement-300628561.html

SOURCE

Oroco Resource Corp.

View original content: http://www.newswire.ca/en/releases/archive/April2018/11/c3301.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 18:00e 11-APR-18