Oroco Confirms Favourable Court Decision
Oroco Confirms Favourable Court Decision
VANCOUVER
,
May 9, 2019
/CNW/ - Oroco Resource Corp. (
TSX-V: OCO
) ("
Oroco
" or "
the
Company
") is pleased to announce that, further to its news release of
May 7, 2019
, it has now
obtained written confirmation of the decision of the Mexican federal appeal court which will result in
the nullification of a 2016 judgement of the Thirteenth Civil Court of
Mexico City
(the "Judgement"),
and the removal of the annotation of the Judgment in the Mexican Mining Registry. The annotation of
the Judgment has been impeding the registration of the
Santo Tomas
concessions to a subsidiary of
Altamura Copper Corp. The decision of the federal appeal court is final, and is not subject to appeal.
ABOUT OROCO:
The Company currently holds an irrevocable option to acquire 100 percent of Altamura Copper
Corp., a private B.C. company which holds a 50 percent interest in Compania Minera Ruero, S.A. de
C.V., the registered owner of the
Santo Tomas
concessions, and an option to acquire the other 50
percent interest. The
Santo Tomas
concessions are a contiguous group of seven mineral
concessions located in Sinaloa State, Mexico. Altamura Copper Corp. also currently holds a 66.7
percent interest in Xochipala Gold, S.A de C.V., the owner of a net 85 percent unregistered
contractual interest in the
Santo Tomas
concessions. The Company and Altamura Copper Corp. are
pursuing the registration of the
Santo Tomas
concessions to Xochipala Gold, S.A de C.V. for reason
of its preferable ownership structure relating to those concessions (see the Company's most recent
MD&A available on SEDAR).
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) 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.
SOURCE
Oroco Resource Corp.
View original content:
http://www.newswire.ca/en/releases/archive/May2019/09/c0640.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 08:22e 09-MAY-19