Oroco Files Prospectus Supplement in Connection with Bought Deal Public Offering

Core Points - Oroco Resource Corp. has announced a "bought deal" public offering, filing a prospectus supplement to qualify the distribution of 52,631,600 units at a price of C$0.38 per unit, aiming for gross proceeds of approximately C$20.0 million [1][2] - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at C$0.53 for 36 months [2] - The offering is led by Canaccord Genuity Corp. and includes an option for underwriters to purchase an additional 7,894,740 units within 30 days of closing [3] - The expected closing date for the offering is around January 14, 2026, pending regulatory approval [4] Company Overview - Oroco holds an 87.0% interest in the Core Concessions of The Santo Tomas Project, covering 1,173 hectares, and an 80% interest in an additional 7,861 hectares of surrounding mineral concessions, totaling 9,034 hectares [7] - The Santo Tomas Project is located in northwestern Mexico and is known for significant copper porphyry mineralization, with prior exploration conducted from 1968 to 1994 [7] - Since 2021, Oroco has conducted a drill program at Santo Tomas, totaling 48,481 meters drilled in 76 diamond drill holes [8] - The project is strategically located within 170 km of the Pacific deep-water port at Topolobampo, with access via highway and rail [9][10]