Oroco Resource ( (TSE:OCO) ) just unveiled an announcement.
Oroco Resource Corp. has successfully closed a non-brokered private placement, raising over $2.3 million through the sale of units comprising shares and share purchase warrants. The funds will be used to advance the Santo Tomas Project in Mexico, as well as for general corporate purposes. The participation of company insiders in the offering was exempt from certain regulatory requirements due to the valuation being below a specified threshold. This financial move is expected to bolster Oroco’s operational capabilities and enhance its market positioning within the copper mining sector.
More about Oroco Resource
Oroco Resource Corp. operates in the mining industry, focusing primarily on copper exploration and development. The company holds significant interests in the Santo Tomas Project in northwestern Mexico, which is known for its copper porphyry mineralization.
YTD Price Performance: 3.64%
Average Trading Volume: 184,023
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$69.33M
See more data about OCO stock on TipRanks’ Stock Analysis page.