Oroco Resource Corp. announced a non-brokered private placement of up to 2,500,000 units at an issue price of CAD 0.40 per unit for gross proceeds of up to CAD 1,000,000 on January 2, 2024. Each unit is comprised of one common share and one share purchase warrant entitling the holder to acquire one additional share for CAD 0.65 for a period of 18 months from the closing date.

The company may pay finder?s fees consisting of cash, share purchase warrants and shares to certain qualified individuals. The transaction is subject to obtaining all required approvals, including the approval of the TSX Venture Exchange and any other regulatory approval. All securities issued pursuant to the transaction will be subject to a hold period of four months from the closing date.