Oroco Announces Upsizing of Private Placement
February 24, 2025 NEWS RELEASE
OROCO ANNOUNCES UPSIZING OF PRIVATE PLACEMENT
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
VANCOUVER, British Columbia – Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF)
(“Oroco” or the “Company”) is pleased to announce that, further to its news release dated February 12,
2025, it has received $2,303,555.75 in gross proceeds for its oversubscribed private placement of
9,214,223 units of the Company (the “ Units”) at a price of $0.25 per Unit (the “ Offering”). Each Unit is
comprised of one common share in the capital of the Company (a “ Common Share”) and one Common
Share purchase warrant (a “Warrant”). Each Warrant entitles the holder to purchase one Common Share
at an exercise price of $0.40 for 24 months following the closing date of the Offering. The Offering is
subject to the approval of the TSX Venture Exchange.
The Company intends to use the proceeds from the Offering for the advancement of the Santo Tomás
Project located in Sinaloa State, Mexico, as well as working capital, corporate marketing and other
general corporate purposes.
The Company may pay finders fees to certain arm’s-length finders in connection with the Offering. All
securities issued pursuant to the Offering will be subject to a 4-month hold period in accordance with
applicable securities laws.
The securities offered have not, nor will they be registered under the United States Securities Act of 1933,
as amended, and may not be offered or sold within the United States or to, or for the account or benefit of,
U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration
requirements. This release does not constitute an offer for sale of securities in the United States.
ABOUT OROCO
The Company holds a net 85.5% interest in those central concessions that comprise 1,173 hectares “the
Core Concessions” of The Santo Tomas Project, located in northwestern Mexico. The Company also
holds an 80% interest in an additional 7,861 hectares of mineral concessions surrounding and adjacent to
the Core Concessions (for a total Project area of 9,034 hectares, or 22,324 acres). The Project is situated
within the Santo Tomas District, which extends up to the Jinchuan Group’s Bahuerachi Project,
approximately 14 km to the northeast. The Project hosts significant copper porphyry mineralization
initially defined by prior exploration spanning the period from 1968 to 1994. During that time, the Project
area was tested by over 100 diamond and reverse circulation drill holes, totaling approximately 30,000
meters. Commencing in 2021, Oroco conducted a drill program (Phase 1) at Santo Tomas, with a
resulting total of 48,481 meters drilled in 76 diamond drill holes.
The drilling and subsequent resource estimates and engineering studies led to a revised MRE and an
updated PEA being published and filed in August of 2024, which studies are available at the Company’s
website www.orocoresourcecorp.com and by reviewing the Company profile on SEDAR+ at
www.sedarplus.ca.
The Santo Tomas Project is located within 170 km of the Pacific deep-water port at Topolobampo and is
serviced via highway and proximal rail (and parallel corridors of trunk grid power lines and natural gas)
through the city of Los Mochis to the northern city of Choix. The property is reached, in part, by a 32 km
access road originally built to service Goldcorp’s El Sauzal Mine in Chihuahua State.
Additional information about Oroco can be found on its website and by reviewing its profile on SEDAR+
at www.sedarplus.ca.
For more information, please contact:
Craig Dalziel, Chairman
Oroco Resource Corp.
Tel: 604-688-6200
Email: [email protected]
www.orocoresourcecorp.com
Neither TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV)
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, and the use of funds from
the Offering, are forward-looking statements. There is no assurance that the proceeds of the Offering will
be expended as contemplated. 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.