Oroco Announces Private Placement

oroco announces private placement

VANCOUVER, April 11, 2018 /CNW/ – Oroco Resource Corp. (TSX-V: OCO) (“Oroco” or “the Company”) is pleased to announcethat it intends to complete a non-brokered private placement (the “Private Placement”) of up to 7,500,000 units at a price of $0.10 per unit to raisegross proceeds of up to $750,000. Each unit consists of one common share and one-half of one common share purchase warrant. Each wholeshare purchase warrant will be exercisable into one additional common share for a period of 18 months from closing at a price of $0.16 per share.The exercise period for the warrants may be accelerated to 30 days if, at any time after the first 4 months of the warrant exercise period, thevolume-weighted trading average of the Company’s shares over a period of 20 consecutive trading days exceeds $0.35.

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