Core Insights - Oroco Resource Corp. has successfully closed an initial tranche of its non-brokered private placement, raising gross proceeds of US$1,530,999 through the sale of 7,654,995 units at US$0.20 per unit [1][3] - Each unit consists of one common share and one-half of a share purchase warrant, with each whole warrant allowing the purchase of one share at US$0.30 for 24 months [1][3] - The financing was primarily subscribed by Mexico-based investors, including new independent director Faysal Rodriguez, who subscribed for 5 million units [2][4] Financial Use - Proceeds from the private placement will be utilized to advance the Santo Tomas Project towards its planned Pre-Feasibility Study and for general corporate purposes [3] - The closing of this financing is subject to final acceptance by the TSX Venture Exchange, with shares and any shares issued on the exercise of warrants subject to a hold period expiring on March 6, 2026 [3] Project Overview - Oroco holds an 85.5% interest in the Core Concessions of the Santo Tomas Project, covering 1,173 hectares, and an 80% interest in an additional 7,861 hectares, totaling 9,034 hectares [5] - The project is located in northwestern Mexico and hosts significant copper porphyry mineralization, with prior exploration conducted from 1968 to 1994 [5][6] - A drill program initiated in 2021 resulted in 48,481 meters drilled across 76 diamond drill holes [5][6] Strategic Importance - The Santo Tomas Project is strategically located within 170 km of the Pacific deep-water port at Topolobampo, with access via highway and rail [7] - The project area is serviced by infrastructure originally built for Goldcorp's El Sauzal Mine, enhancing its logistical advantages [7]

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESVANCOUVER, Canada, Oct. 31, 2025 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTCQB: ORRCF) confirms that the non-brokered private placement financing, announced on September 25, 2025, is proceeding as planned and will be completed within the necessary regulatory timeframe. The Offering is for up to 18,000,000 Units at a price of US$0.20 per Unit (for aggregate gross proceeds of up to US$3.6 million, with an an ...