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.

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Oroco Resource Corp

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Post by Copperking102on Feb 28, 2022 6:29am

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Post# 34466744

BHP Buys 5% FILO For $100 Million

I guess that values FIL @ 2 billion!!

VANCOUVER, BC, Feb. 28, 2022 /CNW/ - Filo Mining Corp. (TSX: FIL) (Nasdaq First North Growth Market: FIL) (OTCQX: FLMMF) ("Filo Mining", or the "Company") announces a C$100 million non-brokered private placement (the "Private Placement") in Filo Mining by BHP Western Mining Resources International Pty Ltd, a wholly owned subsidiary of BHP Group Limited ("BHP"), to advance the Company's Filo del Sol Project. View PDF version

Highlights

BHP will invest C$100 million by way of a non-brokered private placement in the Company.
The Company will issue an aggregate of 6,270,000 common shares of the Company (the "Common Shares") pursuant to the Private Placement at a price of C$15.95 per Common Share, representing a 12% premium to the 20-day volume weighted average trading price of the Common Shares on the Toronto Stock Exchange (the "TSX") ending February 25, 2022.
Upon closing of the Private Placement, BHP will own approximately 5% of Filo Mining's issued and outstanding Common Shares (undiluted).