Oroco Resource Corp V.OCO

Alternate Symbol(s): ORRCF

Metals & Mining Gold

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

Oroco Resource Corp > 2020 Private Placement Restrictions

<< Previous

Bullboard Posts

Next >>

Post by jwall34on Dec 10, 2021 12:31pm

528 Views

Post# 34219067

2020 Private Placement Restrictions

Interesting comment from Malte: https://twitter.com/malte_humpert/status/1469347102304063488

Surprised this hasn't been mentioned before. 12.9M shares were issued in the PP at $1.20. If they were just freed up for U.S. buyers (who presumably made up a good chunk of the PP membership) then anyone who was holding just got the chance to unload at a 100% profit. Wouldn't blame some for taking that, or at least unloading some shares.

I wonder what % of the private placement U.S buyers were. Either way, it sheds some light on both the volume and the price action the last 2 days.

<< Previous

Bullboard Posts

Next >>

Advancing flagship Ishkõday Gold Project in Ontario