Oroco Announces Increase in Private Placement

Oroco Announces Increase in Private Placement

VANCOUVER, British Columbia – (October 25, 2018) Oroco Resource Corp. (TSX-V: OCO) (“Oroco” or the “Company”) is pleased to announce that, due to the private placement previously announced on October 9, 2018 (the “Private Placement”) being oversubscribed, it is increasing the Private Placement by an additional 750,000 units. The increased private placement will now comprise up to 3,750,000 units at a price of $0.20 per unit to raise gross proceeds of up to $750,000. Each unit will consist 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 $0.32 per share.

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