The latest update is out from Oroco Resource ( (TSE:OCO) ).
Oroco Resource Corp. has announced an upsizing of its private placement, raising $2,303,555.75 through the sale of 9,214,223 units at $0.25 per unit. The funds will be used to advance the Santo Tomás Project in Mexico, as well as for corporate purposes. This move is expected to bolster the company’s financial position and support its ongoing exploration efforts, potentially enhancing its standing in the mineral exploration industry.
More about Oroco Resource
Oroco Resource Corp. is a company that focuses on mineral exploration and development, primarily in the copper industry. It holds a significant interest in the Santo Tomas Project in northwestern Mexico, which covers a total area of 9,034 hectares. The project is known for its copper porphyry mineralization, with extensive historical and recent drilling activities.
YTD Price Performance: -5.45%
Average Trading Volume: 168,133
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$63.25M
See more insights into OCO stock on TipRanks’ Stock Analysis page.