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Oroco Resource Corp. (TSX VENTURE:OCO) reported that 2,548,000 warrants issued as part of the July, 2009 private placement of units of the Company, have been exercised at a price of $0.25 per warrant share, for total proceeds of $645,000.
Oroco Resource Corp. (TSX VENTURE:OCO) reported that 2,548,000 warrants issued as part of the July, 2009 private placement of units of the Company, have been exercised at a price of $0.25 per warrant share, for total proceeds of $645,000.
The press release is quoted as saying:
Oroco is a Canadian-based mineral exploration company with its primary focus on the accelerated development of the gold-bearing oxide zones of its Cerro Prieto project in northern Sonora State, Mexico. The Cerro Prieto Project consists of the 100% owned San Felix, San Francisco and Cerro Prieto concessions, totalling 2,723 ha, and 4,120 ha of the connecting Argonauta 5 Fraccion 1 concession to which the Company holds an option to purchase a 100% interest.
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