Oroco Resource Corp. announced a non-brokered private placement of 6,344,970 units at a price of CAD 0.75 per unit for the gross proceeds of CAD 4,758,727.55 on March 17, 2023. Each unit consists of one share and one-half of one share purchase warrant.

Each whole share purchase warrant entitles the holder to purchase one share for a period of 24 months from closing at a price of CAD 1.05 per share. Each unit consists of one share and one-half of one share purchase warrant. Each whole share purchase warrant entitles the holder to purchase one share for a period of 24 months from closing at a price of CAD 1.05 per share.

The transaction included participation from ATM Mining Corp for 2,000,000 units. As a part of the transaction company paid CAD 78,500, 60,000 common shares, 10,000 share purchase warrants which entitle the holder to purchase one share for two years at a price of CAD 0.75 and 50,000 share purchase warrants which entitle the holder to purchase one share for two years at a price of CAD 1.05 per share as a finder's fees to the RFC Ambrian Limited and Vertigo Partners Ltd. The transaction included participation from 83 placees. The transaction included participation from one insider for 200,000 shares.

The company has received CAD 485,342.9134 ($665,674) pursuant to exemption provided under Regulation D from 22 investors.