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Oroco Resource Corp. (TSXV: OCO, OTC: ORRCF) has submitted a prospectus supplement in relation to its planned bought deal public offering. The announcement outlines the company’s intention to distribute 52,631,600 units at a price of C$0.38 per unit, targeting approximately C$20 million in gross revenue.
Each unit will consist of one common share and half of a share purchase warrant, with each full warrant permitting the holder to acquire an additional common share for C$0.53 within a 36-month period following the closure of the offering.
Table of Contents:
Details of the offering
This public offering is being facilitated by a group of underwriters led by Canaccord Genuity Corp. The underwriters have the option to acquire up to an additional 7,894,740 units under the same terms, which can be executed within 30 days after the offering’s closure. Further details are included in the prospectus supplement.
The offering is expected to close around January 14, contingent on obtaining necessary regulatory approvals, including those from the TSX Venture Exchange.
Accessing the prospectus
The prospectus supplement and the base shelf prospectus, dated April 23, are available on SEDAR+, a platform providing access to essential securities documents in Canada. Interested parties can view the documents at www.sedarplus.ca. Additionally, individuals may request a free electronic or hard copy of the documents from Canaccord Genuity Corp. via email at [email protected].
Potential investors are advised to review the detailed information contained within the prospectus and any amendments prior to making investment decisions.
Regulatory considerations
The securities offered are not registered under the U.S. Securities Act of 1933 or any state securities laws, meaning they cannot be sold or offered within the United States or to U.S. persons unless they meet registration requirements or qualify for exemptions. This announcement does not constitute an offer to sell or a solicitation for offers to buy securities in any jurisdiction where such actions would be illegal.
About Oroco Resource Corp.
Oroco holds an 87.0% stake in the central concessions of the Santo Tomas Project, located in northwestern Mexico, which spans 1,173 hectares. Additionally, the company has an 80% interest in surrounding mineral concessions totaling approximately 9,034 hectares (or 22,324 acres), enhancing its project prospects.
Oroco initiated a drill program on the Santo Tomas Project, which has involved a total of 48,481 meters drilled through 76 diamond drill holes. Historical exploration from 1968 to 1994, involving over 100 drill tests, previously identified significant copper porphyry mineralization within the project area.
The project benefits from strategic proximity to essential infrastructure, located just 170 km from the Pacific deep-water port at Topolobampo. Access is facilitated by highways and railroads, along with power line corridors and natural gas pipelines connecting the area to major cities.
Investor information
Each unit will consist of one common share and half of a share purchase warrant, with each full warrant permitting the holder to acquire an additional common share for C$0.53 within a 36-month period following the closure of the offering.0
Each unit will consist of one common share and half of a share purchase warrant, with each full warrant permitting the holder to acquire an additional common share for C$0.53 within a 36-month period following the closure of the offering.1
Each unit will consist of one common share and half of a share purchase warrant, with each full warrant permitting the holder to acquire an additional common share for C$0.53 within a 36-month period following the closure of the offering.2
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