Oroco Resource 5.5-million-share private placement

2020-07-02 19:18 ET – Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 30, 2020.

Number of shares:  5.5 million shares

Purchase price:  30 cents per share

Warrants:  2.75 million share purchase warrants to purchase 2.75 million shares

Warrant initial exercise price:  42 cents

Warrant term to expiry:  two years

Number of placees:  27 placees

Finders’ fees:  Luis Zapata, $2,880 cash; Thibaut Lepouttre, $4,800 cash; Orogenic Consulting Ltd., $12,240 cash and 40,800 warrants

Finder’s warrant initial exercise price:  42 cents

Finder’s warrant term to expiry:  one share per warrant for a period of 24 months

Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

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