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| Home : Oroco Closes $1 Million Non-Brokered Private Placement |
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Feb 05
2013 |
Oroco Closes $1 Million Non-Brokered Private Placement |
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 5, 2013) - Oroco Resource Corp. (TSX VENTURE:OCO)(FRANKFURT:OR6) ("Oroco" or "the Company") announces that pursuant to the terms of its agreement with Goldgroup Mining Inc. ("Goldgroup"), announced by news release dated January 28, 2013, Goldgroup has now completed a subscription for five million units of Oroco at $0.20 per unit through a non-brokered private placement. Each unit consists of one common share and one common share purchase warrant, with each warrant entitling Goldgroup to purchase one common share of Oroco for $0.25 for a period of two years from the date of closing of the private placement. Proceeds of the private placement are CAD $1,000,000. |
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| Source:http://www.marketwire.com/mw/release.do?id=1753179&sourceType=3 |
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