Oroco Resource Corp. Secures Final Shelf Prospectus Approval
Oroco Resource Corp. Files Final Shelf Prospectus
Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) has made significant progress by filing a final short form base shelf prospectus with the securities authorities across Canada, except for Quebec. This filing marks a pivotal step for the organization as it opens the doors for the potential distribution of up to C$75,000,000 in various securities including common shares, warrants, subscription receipts, units, and debt securities over the next 25 months.
Purpose and Benefits of the Prospectus
The primary objective behind securing this prospectus is to equip Oroco with the flexibility to seize financing opportunities as they arise, allowing the Company to adapt to favorable market conditions. Should the Company decide to issue securities through this prospectus, details regarding the specific terms and intended use of proceeds will be detailed in subsequent prospectus supplements, which will also be filed with the relevant regulatory bodies.
Accessing the Prospectus
Investors and interested parties will be able to access the complete details of the prospectus and any future amendments via the established procedures outlined in Canadian securities legislation. The documents are now available on SEDAR+ and can be reviewed by investors seeking updated information about Oroco’s financial instruments.
Contact Information
Oroco has made it clear that for any inquiries regarding the prospectus, interested individuals can request electronic or paper copies without charge. Requests can be made to the Company via email, ensuring that contact details are provided to facilitate the response.
About Oroco Resource Corp.
Oroco Resource Corp. holds an impressive 85.5% interest in the central concessions making up the Core Concessions of the Santo Tomas Project, which encompasses approximately 1,173 hectares in northwestern Mexico. Additionally, Oroco manages an 80% interest in a further 7,861 hectares of surrounding mineral concessions, expanding the total project area to 9,034 hectares, equivalent to around 22,324 acres. This project area is strategically located in the Santo Tomas District, adjacent to the noteworthy Bahuerachi Project of the Jinchuan Group.
Exploration and Developments
The Santo Tomas Project has been recognized for its substantial copper porphyry mineralization. This mineralization was initially identified through extensive exploration efforts that took place from 1968 until 1994, during which over 100 drill holes were executed totaling about 30,000 meters. More recently, Oroco embarked on a drill program commencing in 2021, completing Phase 1 with a remarkable 48,481 meters drilled across 76 diamond drill holes.
Recent Assessments and Economic Outlook
The diligent exploration and drilling activities have paved the way for revised Mineral Resource Estimates and the publication of an updated Preliminary Economic Assessment. These important studies were disseminated in August 2024 and are available on the Company’s official website, providing valuable insights into the economic potential of the Santo Tomas Project.
Logistics and Accessibility of the Project
The Santo Tomas Project’s location is advantageous, situated 170 km from the deep-water Pacific port at Topolobampo, providing excellent shipping capabilities. The area is served by a network of highways and railways, alongside essential infrastructure such as power lines and natural gas pipelines, ensuring efficient access and operational capability.
Get In Touch
For additional information about Oroco Resource Corp. or any specifics regarding the prospectus, further inquiries can be directed to Craig Dalziel, Chairman of Oroco Resource Corp. Contact details are available, ensuring that interested parties can receive direct information from company representatives.
Frequently Asked Questions
What is the purpose of the final shelf prospectus filed by Oroco?
The final shelf prospectus enables Oroco to swiftly access up to C$75,000,000 in financing through various securities, adapting to market needs.
How can I access the prospectus filed by Oroco?
The prospectus is accessible through SEDAR+, where interested investors can view current and future amendments related to Oroco’s securities.
What are the details of the Santo Tomas Project?
The Santo Tomas Project encompasses 9,034 hectares in northwestern Mexico, with significant copper porphyry mineralization, and is strategically located near established infrastructure.
Who can I contact for more information about Oroco?
For inquiries, you can reach Craig Dalziel, the Chairman, at Oroco Resource Corp. Phone: 604-688-6200.
Where can I find recent updates about Oroco's developments?
Updates regarding Oroco's developments, including the recent preliminary economic assessment, can be found on their official website and through SEDAR+.
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