Oroco Resource Corp. Upsizes Private Placement to Advance Mexican Project

Story Highlights
  • Oroco Resource Corp. raised over $2.3 million through an oversubscribed private placement.
  • The funds will support the advancement of the Santo Tomás Project and corporate activities.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Oroco Resource Corp. Upsizes Private Placement to Advance Mexican Project

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App