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OROCO ISSUES INCENTIVE OPTIONS
OROCO ISSUES INCENTIVE OPTIONS
Vancouver, Canada, May 03, 2022 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) ("Oroco" or "the Company") announces that pursuant to the Company's Stock Option Plan and subject to approval by the TSX Venture Exchange, the Company has issued a total of 6,850,000 incentive stock options at an exercise price of $2.05 per share with a term of three years. Of that total, 3,425,000 incentive options have been issued to officers and directors of the Company. In addition, the Company is cancelling 4,475,000 incentive options, leaving the Company with 11,757,000 incentive options issued and outstanding, that being 57% of the number allowed by TSX-V policies and the Company's Stock Option Plan.
ABOUT OROCO:
The Company holds a net 73.2% interest in the collective 1,172.9 ha Core Concessions of the Santo Tomas Project in NW Mexico and may increase that majority interest up to an 85.5% interest with a project investment of up to CAD$30 million. The Company also holds a 77.5% interest in 7,807.9 ha of mineral concessions surrounding and adjacent to the Core Concessions (for a total project area of 22,192 acres). The Project is situated within the Santo Tomas District, which extends from Santo Tomas up to the Jinchuan Group's Bahuerachi project, approximately 14 km to the northeast. Santo Tomas hosts a significant copper porphyry deposit defined by prior exploration spanning the period from 1968 to 1994. During that time, the property was tested by over 100 diamond and reverse circulation drill holes, totalling approximately 30,000 meters. Based on data generated by these drill programs, a historical Prefeasibility Study was completed by Bateman Engineering Inc. in 1994.
The Santo Tomas Project is located within 160 km of the Pacific deep-water port at Topolobampo and is serviced via highway and proximal rail (and parallel corridors of trunk grid power lines and natural gas) through the city of Los Mochis to the northern city of Choix. The property is reached by a 32 km access road originally built to service Goldcorp's El Sauzal Mine in Chihuahua State.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
CONTACT: Mr. Craig Dalziel, Executive Chairman Oroco Resource Corp. (604) 688-6200 info@orocoresourcecorp.com
Vancouver, Canada, May 03, 2022 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) ("Oroco" or "the Company") announces that pursuant to the Company's Stock Option Plan and subject to approval by the TSX Venture Exchange, the Company has issued a total of 6,850,000 incentive stock options at an exercise price of $2.05 per share with a term of three years. Of that total, 3,425,000 incentive options have been issued to officers and directors of the Company. In addition, the Company is cancelling 4,475,000 incentive options, leaving the Company with 11,757,000 incentive options issued and outstanding, that being 57% of the number allowed by TSX-V policies and the Company's Stock Option Plan.
加拿大温哥华，2022年5月3日(环球社)--Oroco资源公司(Oroco Resources Corp.)(多伦多证券交易所-V：OCO，OTC：ORRCF) (“Oroco”或“The Company”)宣布，根据公司的股票期权计划并经多伦多证券交易所创业板批准，公司已发行总计6,850,000份激励性股票期权，行权价为每股2.05美元，为期三年。其中，向公司高管和董事发放了3,425,000份激励期权。此外，公司将取消4,475,000份奖励期权，使公司剩下11,757,000份已发行和未偿还的奖励期权，这是多伦多证交所-V政策和公司股票期权计划允许数量的57%。
ABOUT OROCO:
关于Oroco：
The Company holds a net 73.2% interest in the collective 1,172.9 ha Core Concessions of the Santo Tomas Project in NW Mexico and may increase that majority interest up to an 85.5% interest with a project investment of up to CAD$30 million. The Company also holds a 77.5% interest in 7,807.9 ha of mineral concessions surrounding and adjacent to the Core Concessions (for a total project area of 22,192 acres). The Project is situated within the Santo Tomas District, which extends from Santo Tomas up to the Jinchuan Group's Bahuerachi project, approximately 14 km to the northeast. Santo Tomas hosts a significant copper porphyry deposit defined by prior exploration spanning the period from 1968 to 1994. During that time, the property was tested by over 100 diamond and reverse circulation drill holes, totalling approximately 30,000 meters. Based on data generated by these drill programs, a historical Prefeasibility Study was completed by Bateman Engineering Inc. in 1994.
本公司于墨西哥西北部Santo Tomas项目合共1,172.9公顷核心特许权中净持有73.2%权益，并可能将该多数权益增加至85.5%权益，项目投资高达3,000万加元。本公司亦持有核心特许权周围及毗邻的7,807.9公顷矿产特许权的77.5%权益(项目总面积22,192英亩)。该项目位于圣托马斯区内，从圣托马斯区一直延伸到金川集团的Bahuerachi项目，向东北方向大约14公里。圣托马斯拥有一个重要的铜斑岩矿床，这是从1968年到1994年期间的先前勘探确定的。在此期间，对该财产进行了100多个钻石钻孔和反循环钻孔测试，总共约30,000米。基于这些钻探计划产生的数据，贝特曼工程公司于1994年完成了一项历史预可行性研究。
The Santo Tomas Project is located within 160 km of the Pacific deep-water port at Topolobampo and is serviced via highway and proximal rail (and parallel corridors of trunk grid power lines and natural gas) through the city of Los Mochis to the northern city of Choix. The property is reached by a 32 km access road originally built to service Goldcorp's El Sauzal Mine in Chihuahua State.
圣托马斯项目位于托波罗班波太平洋深水港160公里范围内，通过骇维金属加工和近端铁路(以及干线电网、输电线和天然气的平行走廊)通过洛斯莫奇斯市至北部城市乔伊市提供服务。该地产由一条32公里长的通道到达，该通道最初是为了服务于Goldcorp位于奇瓦瓦州的El Sauzal矿而修建的。
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
多伦多证券交易所风险交易所及其监管服务提供商(该术语在多伦多证券交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。
CONTACT: Mr. Craig Dalziel, Executive Chairman Oroco Resource Corp. (604) 688-6200 info@orocoresourcecorp.com
联系人：Oroco资源公司执行主席克雷格·达尔齐尔先生电话：(604)688-6200
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在新加坡，moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供，该公司受新加坡金融管理局（MAS）监管(牌照号码︰CMS101000) ，持有资本市场服务牌照 (CMS) ，持有财务顾问豁免（Exempt Financial Adviser）资质。本内容未经新加坡金融管理局的审查。
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