Oroco Resource Corp. announced a private placement of 2,692,308 units at a price CAD 0.65 per unit for the gross proceeds of CAD 1,750,000 on August 15, 2023. Each unit consists of one share and one share purchase warrant. Each share purchase warrant entitles the holder to purchase one share for a period of 24 months from closing at a price at an exercise price of CAD 0.90 per share. The shares and any shares issued pursuant to the exercise of the warrants are subject to a hold period expiring December 15, 2023. The company has received conditional approval from the TSX Venture Exchange for the private placement but has yet to receive final approval. The transaction included participation from returning investor, ATM Mining Corp., individual investor, Richard Lock.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 22 placees including existing insider involvement of two insiders for 170,334.

The company has received $104,112 from 3 investors pursuant to Regulation D.