OROCO CONFIRMS FAVOURABLE COURT DECISION OROCO CONFIRMS FAVOURABLE COURT DECISION
May 9, 2019
FOR IMMEDIATE RELEASE:
VANCOUVER, British Columbia – (May 9, 2019) Oroco Resource Corp. (TSX-V: OCO) (“Oroco” or “the Company”) is pleased to announce that, further to its news release of May 7, 2019, it has now obtained written confirmation of the decision of the Mexican federal appeal court which will result in the nullification of a 2016 judgement of the Thirteenth Civil Court of Mexico City (the “Judgement”), and the removal of the annotation of the Judgment in the Mexican Mining Registry. The annotation of the Judgment has been impeding the registration of the Santo Tomas concessions to a subsidiary of Altamura Copper Corp. The decision of the federal appeal court is final, and is not subject to appeal.
ABOUT OROCO:
The Company currently holds an irrevocable option to acquire 100 percent of Altamura Copper Corp., a private B.C. company which holds a 50 percent interest in Compania Minera Ruero, S.A. de C.V., the registered owner of the Santo Tomas concessions, and an option to acquire the other 50 percent interest. The Santo Tomas concessions are a contiguous group of seven mineral concessions located in Sinaloa State, Mexico. Altamura Copper Corp. also currently holds a 66.7 percent interest in Xochipala Gold, S.A de C.V., the owner of a net 85 percent unregistered contractual interest in the Santo Tomas concessions. The Company and Altamura Copper Corp. are pursuing the registration of the Santo Tomas concessions to Xochipala Gold, S.A de C.V. for reason of its preferable ownership structure relating to those concessions (see the Company’s most recent MD&A available on SEDAR).
For further information, please contact:
Mr. Craig Dalziel, President and CEO
Oroco Resource Corp.
Tel: 604-688-6200