Oroco Resource Corp. announced it has completed a non-brokered private placement of 2,570,000 units at a price of CAD 0.40 per unit for gross proceeds of CAD 1,028,000 on February 16, 2024. 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 CAD 0.65 per share for a period of 18 months from closing. The Company will pay 75,000 shares to an agent as finder?s fees in connection with this financing. All the shares and any other shares issued, or warrants exercised pursuant to the terms of the private placement, are subject to a hold period expiring June 17, 2024.

The private placement was carried out under prospectus exemptions of applicable securities laws and is subject to final acceptance by the TSX Venture Exchange. The Company paid 75,000 common shares in finder?s fees in relation to the Financing. The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement.

The transaction included participation from 3 placees.