OROCO CLOSES NON-BROKERED PRIVATE PLACEMENT

Oroco

VANCOUVER, Canada – (June 30, 2020) Oroco Resource Corp. (TSX-V: OCO) (“Oroco” or “the Company”) is pleased to announce that it has closed a non-brokered private placement, initiated on June 3, 2020, by issuing 5,500,000 units at a price of $0.30 per unit, for gross proceeds of $1,650,000 (the “Financing”).  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 24 months from closing at a price of $0.42 per share. The exercise period for the share purchase 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 exceeds $0.60 over a period of 20 consecutive trading days.

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