Oroco Private Placement Oversubscribed
February 12, 2025 NEWS RELEASE
OROCO PRIVATE PLACEMENT OVERSUBSCRIBED
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia – (February 12, 2025) Oroco Resource Corp. (TSX- V: OCO,
OTC: ORRCF) (“Oroco” or the “Company”) is pleased to announce that the non -brokered
private placement financing (the “Offering”) announced by the Company on February 5, 2025, is
now oversubscribed due to strong investor demand. A s a result, the Company is no longer
accepting new subscriptions and now intends to close the Offering, subject to the receipt of all
necessary regulatory approvals, including the approval of the TSX Venture Exchange.
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 mi neral 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, approxim ately 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, totalling 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 TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accept 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, the timing of closing of the Offering, proceeds received and use of funds of the Offering,
are forward -looking statements. There is no assurance that (i) the Company will be able to
complete the Offering on the terms set out above, or at all, or (ii) 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.