Bullboard - Stock Discussion Forum 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... see more

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Oroco Resource Corp > 2020 Private Placement Restrictions

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Post by jwall34 on Dec 10, 2021 12:31pm

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.

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Comment by clavat2224 on Dec 13, 2021 1:19am

I know previously there was a post with a list of the warrants outstanding and expiration dates. I can't seem to find the information. Could someone repost or direct me to where I can find that info?

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Comment by EStreet on Dec 13, 2021 1:32pm

Dec. 10, 2020 (GLOBE NEWSWIRE) -- Oroco Resource Corp. ( TSX-V: OCO ) (“ Oroco ” or “ the Company ”) is pleased to announce that it has closed a non-brokered private placement of 12,900,000 units at a price of $1.20 per unit (each, a “ Unit ”), for gross proceeds of $15,480,000 (the “ Financing ”). Each Unit consists of one common share and one ...more

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Oroco Resource Corp