On November 30, 2023, Oroco Resource Corp., closed the transaction. The company issued 6,729,850 units at a price of CAD 0.40 per unit for the gross proceeds of CAD 2,691,940. Each unit consists of one share and one share purchase warrant.

Each share purchase warrant entitles the holder to purchase one share for a period of 18 months from closing at a price of CAD 0.65 per share. The shares and any shares issued pursuant to the exercise of the warrants are subject to a hold period expiring March 29, 2024. The company has received conditional approval from the TSX Venture Exchange for the private placement but has yet to receive final approval.

No finder?s fees were paid in connection with the Private Placement. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on November 20, 2023. The transaction include participation from 44 placees and 5 insiders with 770,000 total existing insider involvement.

The company has received CAD 281,681.8732 pursuant to Regulation D and included participation from 14 investors. The company intends to offering for more than one year.