| Oroco Receives 16.5 Million Shares of Goldgroup Mining Inc. | |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug 28, 2015) - Oroco Resource Corp. (TSX VENTURE:OCO) ("Oroco" or "the Company") announces that it has received 16,500,000 common shares (the "Goldgroup Shares") of Goldgroup Mining Inc. ("Goldgroup") in settlement of the US$4,125,000 promissory note (the "Note") issued to the Company by Goldgroup pursuant to the terms of the Cerro Prieto property sale (see the Company's news release dated September 3, 2013). Under the terms of the Note, Goldgroup was entitled to pay out the Note by issuing and delivering the Goldgroup Shares in lieu of the cash. The Company now holds 20,125,000 shares of Goldgroup, representing 12.45% of Goldgroup's issued and outstanding equity. The Company holds two other promissory notes issued by Goldgroup (see the Company's news release dated June 2, 2015), in the principal amounts of US$250,000 (payable on demand) and US$750,000 (due September 15, 2015). The Company has issued demand for payment of the US$250,000 note. Goldgroup has paid US$50,000, and is currently negotiating the payment of the balance. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Oroco Resources Corp
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EXPLORATEUR |
CODE : OCO.V |
ISIN : CA6870331007 |
CUSIP : 687033 10 0 |
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Oroco Resources est une société développant des projet miniers de zinc et de plomb basée au Canada. Ses principaux projets en exploration sont XOCHIPALA et CERRO PRIETO au Mexique. Oroco Resources est cotée au Canada. Sa capitalisation boursière aujourd'hui est 27,3 millions CA$ (20,1 millions US$, 18,1 millions €). La valeur de son action a atteint son plus bas niveau récent le 01 janvier 2016 à 0,01 CA$, et son plus haut niveau récent le 25 juin 2021 à 3,66 CA$. Oroco Resources possède 77 947 405 actions en circulation. |