VANCOUVER, Canada, Nov. 14, 2025 (GLOBE NEWSWIRE) — Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroko” or “Company”) is pleased to announce the closing of the second tranche of its non-brokered private placement, issuing an additional 2,500,000 units at a price of $0.20 per unit for gross proceeds of $500,000.00. Each unit consists of one common share and one-half common share. Each whole warrant entitles the holder to purchase one share of the Company for $0.30 for a period of 24 months from closing. Together with the first tranche, the Company issued a total of 10,154,995 units for a total consideration of US$2,030,999.
Commenting on the private placement, Oroco Chairman Craig Dalziel stated: “It is important for Oroco supporters to understand that this financing is only the first step in an overall financing initiative aimed at supporting the commencement of the second phase of the Santo Tomas drilling program in early 2026. This round of financing has been intentionally limited to a handful of local Mexican investors whom the company views as integral to the advancement of the project. We truly value the local interest that their investment represents.”
Proceeds will be used to advance the Santo Tomas project toward its planned pre-feasibility study and for general corporate purposes. The closing is subject to prospectus exceptions under applicable securities laws and is subject to final acceptance by the TSX Venture Exchange. The shares and any shares issued pursuant to the exercise of the warrants are subject to a hold period expiring on March 14, 2026.
ABOUT OROCO:
The Company holds a net 85.5% interest in these core concessions, which comprise 1,173 hectares of the Santo Tomas Project's “Core Concessions” located in northwestern Mexico. The Company also owns an 80% interest in an additional 7,861 hectares of mining concessions surrounding and adjacent to the Core Concessions (total Project area of 9,034 hectares, or 22,324 acres). The project is located in the Santo Tomas area, which extends to the Jinchuan group's Bauerachi project, approximately 14 km to the northeast. The Project area contains significant porphyry copper mineralization, initially identified during prior exploration spanning the period 1968 to 1994. During this time, more than 100 diamond and reverse circulation wells were drilled in the Project area with a total depth of approximately 30,000 meters. Beginning in 2021, Oroco conducted a drilling program (Phase 1) in Santo Tomas, resulting in a total of 48,481 meters drilled in 76 diamond holes.
Drilling and subsequent resource estimates, as well as engineering studies, resulted in a revised MRE and updated PEA being published and filed in August 2024. These studies are available on the company's website at www.orocoresourcecorp.com and you can also view the company's profile on SEDAR+ at www.sedarplus.ca.
The Santo Tomas project is located 170 km from the Pacific deepwater port at Topolobampo and is served by a highway and proximal railway (as well as parallel transmission and natural gas trunk corridors) through the town of Los Mochis to the northern town of Choix. The site is partially accessed by a 32 km access road originally built to serve Goldcorp's El Sauzal mine in Chihuahua.
Additional information about Oroco can be found on its website and its profile on SEDAR+ at: www.sedarplus.ca.
For more information contact:
Mr. Craig Dalziel, General Manager
Oroko Resource Corporation.
Tel: 604-688-6200
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This press release includes certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of historical fact included herein, including, without limitation, statements regarding future events or achievements of the Company and the use of proceeds from the Offering, are forward-looking statements. There can be no assurance that the proceeds from the Offering will be spent as anticipated. Many factors, both known and unknown, could cause actual results, performance or achievements to differ materially from the results, performance or achievements expressed or may be expressed or implied by such forward-looking statements. Readers should not place undue reliance on the forward-looking statements and information contained in this press release regarding these matters. Oroco undertakes no obligation to update forward-looking statements if they change, except as required by law.
