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VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 1, 2015) - Oroco Resource Corp. (TSX VENTURE:OCO) ("Oroco" or "the Company") announces that it has agreed with Goldgroup Mining Inc. ("Goldgroup") to amend the payment terms for the $1,000,000 balance of principal remaining owing from the US$1,500,000 promissory note (the "Note") issued by Goldgroup pursuant to terms of the Cerro Prieto property sale (see the Company's news release dated September 3, 2013). Goldgroup has issued the Company two promissory notes in replacement of the Note. The first promissory note, in the principal amount of US$250,000, is payable on demand. The second promissory note, in the principal amount of US$750,000, is payable on September 15, 2015. Both notes bear 8% interest, payable monthly in arrears. |
