Oroco Closes Non-Brokered Private Placement

Oroco Closes Non-Brokered Private Placement

VANCOUVER, British Columbia – (April 26, 2018) Oroco Resource Corp. (TSX-V: OCO) (“Oroco” or “the Company”) is pleased to announce that it has closed the non-brokered private placement financing (the “Financing”) previously announced by news releases dated April 11, 2018 and April 16, 2018. The Company has raised gross proceeds of $900,000 through the sale of a total of 9,000,000 units at a price of $0.10 per unit.  Each unit consists of one common share and one-half of one common share purchase warrant. Each whole share 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, the volume-weighted trading average of the Company’s shares over a period of 20 consecutive trading days exceeds $0.35.

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