Oroco Grants Incentive Stock Options
May 11, 2021 NEWS RELEASE
OROCO GRANTS INCENTIVE STOCK OPTIONS
VANCOUVER, British Columbia – (May 11, 20 21) Oroco Resource Corp. ( TSX-V: OCO)
(“Oroco” or “the Company”) announces the grant of incentive stock options to its directors, officers,
management personnel and consultants to acquire an aggregate of 4,425,000 common shares in the
capital of the Company at an exercise price of $3.15 per share (the “Options”).
The Options are exercisable for a three- year term, expiring on May 10, 2024, with 20% vesting
immediately and a further 20% vesting every 6 months over the next two years.
The Options were granted in accordance with the Company’s 10% rolling incentive stock option plan.
As a result of these grants, the stock options issued by the Company represent 5.6% of its issued and
outstanding capital. The grant of the Options is subject to the approval of the TSX Venture Exchange.
For further information, please contact:
Mr. Craig Dalziel, CEO
Oroco Resource Corp.
Tel: 604-688-6200
.
ABOUT OROCO:
The Company holds a net 73.2% interest in the collective 1,172.9 ha Core Concessions of the Santo
Tomas Project in NW Mexico. The Company also holds a 77.5% interest in 7,807.9 ha of mineral
concessions surrounding and adjacent to the C ore Concessions (for a total project area of 22,192
acres). The Project is situated within the Santo Tomas District, which extends from Santo Tomas up
to the Jinchuan Group’s Bahuerachi project, approximately 14 km to the north- east. Santo Tomas
hosts a significant copper porphyry deposit defined by prior exploration spanning the period from
1968 to 1994. During that time, the property was tested by over 100 diamond and reverse circulation
drill holes, totaling approximately 30,000 meters. Based on data generated by these drill programs, a
historical Prefeasibility Study was completed by Bateman Engineering Inc. in 1994.
The Santo Tomas Project is located within 160km 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 by
a 32 km access road originally built to service Goldcorp’s El Sauzal Mine in Chihuahua State.
For further information, please contact:
Mr. Craig Dalziel, CEO
Oroco Resource Corp.
OROCO RESOURCE CORP.
1201-1166 Alberni Street, Vancouver, BV V6E 3Z3
T: 604.688.6200 F: 604.688.6260
www.orocoresourcecorp.com
Tel: 604-688-6200
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 rel ease concerning these matters. Oroco does not assume any
obligation to update the forward-looking statements should they change, except as required by law.