Brief: Oroco Signs Option Pact To Acquire Additional Interest In Santo Tomas Properties

Oroco Resource

09/10/2018 21:40

Oct 9 (Reuters) - Oroco Resource Corp  OCO.V :
    * OROCO SIGNS OPTION AGREEMENT TO ACQUIRE ADDITIONAL
INTEREST IN
SANTO TOMAS PROPERTIES
    * OROCO RESOURCE - ALSO ENTERED INTO A LOAN AGREEMENT WITH
ALTAMURA TO ADVANCE, FOR WORKING CAPITAL PURPOSES, AN AMOUNT OF
UP TO US$600,000
    * OROCO RESOURCE - CO CURRENTLY HOLDS AN APPROXIMATE 13%
EQUITY
INTEREST IN ALTAMURA
    * OROCO RESOURCE CORP - INTENDS TO CARRY OUT A NON-BROKERED
PRIVATE PLACEMENT OF UP TO 3 MILLION UNITS AT A PRICE OF $0.20
    * OROCO RESOURCE - SPECIAL COMMITTEE MADE RECOMMENDATION TO
BOARD
TO APPROVE OPTION AGREEMENT AND LOAN AGREEMENT, & BOARD APPROVED
BOTH AGREEMENTS
    * OROCO RESOURCE CORP - NET PROCEEDS OF PRIVATE PLACEMENT
WILL BE
USED FOR BALANCE OF LOANS TO ALTAMURA, AMONG OTHER THINGS

Source text for Eikon:  ID:nCNWjCytta 
Further company coverage:  OCO.V 

 ((Reuters.Briefs@thomsonreuters.com;))