Oroco Negotiates Payment of Goldgroup Mining Inc. Notes


VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sept. 28, 2015) – Oroco Resource Corp. (TSX VENTURE:OCO) (“Oroco” or “the Company“) announces that, further to its news release of September 16, 2015, it has agreed with Goldgroup Mining Inc. (“Goldgroup“) to a revised payment schedule for the US$950,000 outstanding from the two promissory notes issued by Goldgroup to the Company. Pursuant to the agreement, Goldgroup will have until November 16, 2015 to enter into a formal debt payment agreement (the “Payment Agreement“) with the Company, pursuant to which it will pay the Company US$300,000 on signing, US$20,000 per month, commencing October 1, 2015 (payments due before signing of the formal agreement to accrue and be paid at signing), until September 15, 2016, with the balance of the remaining principal on or before that date.

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