Oroco Resource Corp. has granted a total of 7,050,000 incentive stock options to directors, officers, employees, and consultants at an exercise price of $0.85 per share. These options will vest in 4 installments over 3 years, totaling 4.4% of the currently issued shares. The company plans to use recent financing to initiate a Phase 2 drill program at Santo Tomas and complete a Pre-Feasibility Study. The Santo Tomas Project is located in northwestern Mexico and hosts significant copper porphyry mineralization. Further information can be found on the company’s website.

Read more at GlobeNewswire: Oroco Issues Incentive Options