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Oroco Resource Corp V.OCO

Alternate Symbol(s):  ORRCF

Oroco Resource Corp. is a Canadian mineral exploration company. The Company is engaged in the acquisition and exploration of mineral properties in Mexico. It holds a net 85.5% interest in those central concessions that comprise 1,173 hectares (ha) (the Core Concessions) of The Santo Tomas Project, located in northwestern Mexico. It also holds an 80% interest in an additional 7,861 ha of mineral concessions surrounding and adjacent to the Core Concessions (for a total Project area of 9,034 hectares, or 22,324 acres). The Project hosts a large, outcropping porphyry copper deposit comprised of fracture-hosted and disseminated copper and molybdenum sulphides with significant gold and silver credits. Its Xochipala Property is comprised of the Celia Gene (100 ha) and the contiguous Celia Generosa (93 ha) concessions. Its Salvador Property is a 100-hectare mining concession, which lies around 25 kilometers (kms) to the west of the Xochipala Property and 30 kms west of Chilpancingo, Guerrero.


TSXV:OCO - Post by User

Bullboard Posts
Comment by thereaderon Sep 13, 2012 1:34pm
194 Views
Post# 20358250

RE: Warrant Extension

RE: Warrant Extension

I asked the company about this, the notion of no SP action for six months" and they responded, "this hypothesis suggests we can predict the future and even with a six month extention those warrant holders won't benifit. In fact, we extended them as we'd like to see the Company's investors benefit, and we think they stand a better chance of that now that Xochipala is registered, an event which we have been anticipating for some time but the exact timing of which was beyond our control." 

 

In other words, they extended them precisely because they think there will be positive SP action in the coming months.

 

 

 

Bullboard Posts