Oroco Closes Non-Brokered Private Placement
M a r c h 3 , 2 0 2 5 NEWS RELEASE
OROCO CLOSES NON-BROKERED PRIVATE PLACEMENT
VANCOUVER, British Columbia – (March 3, 2 025) Oroco Resource Corp. (TSX-V: OCO, OTC:
ORRCF) (“Oroco” or “the Company”) is pleased to announce the closing of a non-brokered
private placement (the “ Private Placement”) raising gross proceed s of $2,303,555.75 through
the sale of 9,214,223 units at a price of $0.25 per unit. Each unit consists of one share and one
share purchase warrant. Each share purchase warrant entitles the holder to purchase one share
at the price of $0.40 per share for a period of 24 months from closing.
ATM Mining Corp., a company cont rolled by Craig Dalziel, Execut ive Chairman of the Company,
Stephen Leahy, director, and Kelly Vanry, wife of Steve Vanry, Chief Financial Officer and director
of the Company, participated in the Offering and purchased an aggregate of 3,850,000 units. The
participation of the insiders in the Private Plac ement is exempt from the valuation and minority
shareholder approval requirements of Multilateral Instrument 61-101 as the fair market value of
their respective participation is less than 25% of the market capitalization of the Company.
The Company will pay $900 in cash and 3,600 share purchase warrants (the “Finder’s Warrants”)
in finder’s fees in connection with the Private Placement. Each Finder’s Warrant entitles the
holder to purchase one common share at the price of $0.25 for a period of 24 months.
The Company will use the proceeds of the Privat e Placement 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 shares and any shares issued pursuant to the exercise of the warrants are subject to a hold
period expiring June 29, 2025. The Private Placement was carri ed out pursuant to prospectus
exemptions of applicable securities laws and is subject to final acceptance by the TSX Venture
Exchange.
ABOUT OROCO:
The Company holds a net 85.5% interest in th ose 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 (f or a total Project area of 9,034 hectares, or
22,324 acres). The Project is situated within th e Santo Tomas District, which extends up to the
Jinchuan Group’s Bahuerachi Project, approximately 14 km to the northeas t. The Project hosts
significant copper porphyry mineralization initia lly defined by prior exploration spanning the
period from 1968 to 1994. During that time, th e Project area was test ed by over 100 diamond
and reverse circulation drill hole s, 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.
OROCO RESOURCE CORP.
1201-1166 Alberni Street, Vancouver, BC V6E 3Z3
T: 604.688.6200 F: 604.688.6260
www.orocoresourcecorp.com
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 a nd by reviewing its profile on
SEDAR+ at www.sedarplus.ca.
For further information, please contact:
Richard Lock, CEO
Oroco Resource Corp.
Tel: 604-688-6200
Email: [email protected]
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) accept respon sibility 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 statem ents. Many factors, both known and unknown,
could cause actual results, performance or achi evements 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.