Oroco Announces Increase in Size of Private Placement
March 15 2012 - 6:28PM
Marketwired
Oroco Resource Corp. (TSX VENTURE:OCO)(FRANKFURT:OR6) ("Oroco" or
"the Company") today announces an increase in the size of the
private placement financing (the "Financing") it previously
announced by news release dated March 2, 2012.
The Company has increased the size of the financing from
4,830,000 units to 5,870,000 units at a price of $0.25 per unit for
gross proceeds of $1,467,500. Unit terms remain the same.
The proceeds of the financing will be used for the continuing
development of Oroco's Cerro Prieto Project in Sonora State, Mexico
and for general working capital.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Oroco Resource Corp. Mr. Craig Dalziel President and
CEO 604-688-6200 www.orocoresourcecorp.com