Santo Tomas It appears to be no secret that OCO is targetting a big project in Mexico. I think ST may well be the target, but there's clearly more to the story than just a Xochipala Gold S.A. de CV connection.
Their recent news releases have stated that intent. They've referred to "exploration and acquisition plans" and stated, "we intend to pursue additional opportunities to strengthen our overall presence in Mexico."
If ST is their target, it's an exciting prospect indeed, though OCO has stated in its financials "On February 26, 2016, the Company sold Xochipala Gold, S.A. de C.V., a nominal company, for $9,001, resulting in a gain on sale of subsidiary of $5,171."
Perhaps how they are structuring the acquisition has something to do with the notation in their recent financials. "During the year ended May 31, 2017, the Company purchased 125,000 (2016 - 300,000) common shares of BC Co, a company related by virtue of a member of the Company’s management and a private company owned by the spouse of a director collectively having significant influence in BC Co. (Note 6). As at May 31, 2017, the Company has an advance of $164,556 (2016 - $Nil) to BC Co (Note 6). During year ended May 31, 2017, the Company purchased 375,000 (2016 - Nil) common shares of BC Co2, a company related by virtue of a director of the Company also being a director of BC Co2 (Note 6).