Oroco Resource Corp. (TSX-V: OCO, OTCQB: ORRCF) confirms a non-brokered private placement financing of up to 18,000,000 Units at US$0.20 per Unit, with anticipated gross proceeds of up to US$3.6 million. The financing will support the Santo Tomas Project in Northern Sinaloa, Mexico. The Offering is expected to close by November 13th, pending regulatory approvals, with no finder’s fees and a hold period of four months plus one day. The participation of newly-appointed director Faysal Rodriguez is considered a related-party transaction under NI 61-101.

Oroco holds a net 85.5% interest in the Core Concessions of the Santo Tomas Project, totaling 9,034 hectares. The Project hosts significant copper porphyry mineralization, with over 30,000 meters drilled in exploration. Located near a deep-water port and serviced by highway and rail, the Project has access to key infrastructure. Additional information about Oroco can be found on its website and SEDAR profile.

Forward-looking statements in this news release caution investors about potential risks and uncertainties affecting the use of proceeds from the private placement. Readers are advised to exercise caution and not rely solely on forward-looking statements.

Read more at GlobeNewswire: OROCO RESOURCE CORP. PROVIDES FINANCING UPDATE