From GlobeNewswire:

Oroco Resource Corp. is planning a private placement to raise up to $1,000,000 through the issuance of 2,500,000 units at a price of $0.40 per unit. The company will use the net proceeds for working capital and general corporate purposes. Closing of the private placement is subject to obtaining all required approvals, including the approval of the TSX-V and any other regulatory approval. Oroco holds a net 85.5% interest in the Core Concessions project, with a total project area of 9,034 hectares. The project is located within 160 km of the Pacific deep-water port at Topolobampo and is serviced via highway and proximal rail. For more information, visit www.orocoresourcecorp.com. Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.



Read more: OROCO ANNOUNCES PRIVATE PLACEMENT