Vancouver, Canada, May 11, 2021 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO) (“Oroco” or “the Company”) announces the grant of incentive stock options to its directors, officers, management personnel and consultants to acquire an aggregate of 4,425,000 common shares in the capital of the Company at an exercise price of $3.15 per share (the “Options”).
The Options are exercisable for a three-year term, expiring on May 10, 2024, with 20% vesting immediately and a further next two years.
The Options were granted in accordance with the Company’s 10% rolling incentive stock option plan. As a result of these grants, the stock options issued by the Company represent 5.6% of its issued and outstanding capital. The grant of the Options is subject to the approval of the TSX Venture Exchange.