Oroco Resource Corp (ORRCF) 0.0280 $ORRCF
Oroco Receives 16.5 Million Shares of Goldgroup Mining Inc.
Marketwired - Fri Aug 28, 7:15PM CDT
Oroco Resource Corp. (TSX VENTURE: OCO) ("Oroco" or "the Company"
announces that it has received 16,500,000 common shares (the "Goldgroup Shares" of Goldgroup Mining Inc. ("Goldgroup" in settlement of the US$4,125,000 promissory note (the "Note" issued to the Company by Goldgroup pursuant to the terms of the Cerro Prieto property sale (see the Company's news release dated September 3, 2013). Under the terms of the Note, Goldgroup was entitled to pay out the Note by issuing and delivering the Goldgroup Shares in lieu of the cash.
OCO.VN: 0.025 (-0.010)
Goldgroup Issues 16.5 million Common Shares to Oroco Resource Corp. and Promissory Note Update
CNW Group - Fri Aug 28, 6:00PM CDT
Goldgroup Mining Inc. ("Goldgroup" or the "Company" (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) has issued 16,500,000 common shares to Oroco Resource Corp. ("Oroco" with respect to the acquisition of the Cerro Prieto project purchased in 2013 (see news release dated September 3, 2013). As part of the purchase agreement, the Company committed to issue 16,500,000 of its common shares or, at its option, pay US$4,125,000 to Oroco on or before August 30, 2015. The Company has elected to issue the common shares as opposed to cash settlement.
GGA.TO: 0.06 (unch)
Goldgroup Amends Promissory Note Terms with Oroco Resource Corp.
CNW Group - Tue Jun 02, 4:00PM CDT
Goldgroup Mining Inc. ("Goldgroup" or the "Company" (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) today announces that it has agreed to amend the payment terms for the US$1,000,000 balance of principal remaining owing from the US$1,500,000 promissory note (the "Note" issued by the Company to Oroco Resource Corp. ("Oroco" pursuant to terms of the Cerro Prieto property sale (see news release dated September 3, 2013). Goldgroup has issued the Oroco two promissory notes in replacement of the Note. The first note, in the principal amount of US$250,000, is payable on demand. The second, in the principal amount of US$750,000, is payable on or before September 15, 2015. Both new promissory notes bear 8% annual interest, payable monthly in arrears.
GGA.TO: 0.06 (unch)
Oroco Amends Promissory Note Payment Terms
Marketwired - Tue Jun 02, 12:11AM CDT
Oroco Resource Corp. (TSX VENTURE: OCO) ("Oroco" or "the Company" announces that it has agreed with Goldgroup Mining Inc. ("Goldgroup" to amend the payment terms for the $1,000,000 balance of principal remaining owing from the US$1,500,000 promissory note (the "Note" issued by Goldgroup pursuant to terms of the Cerro Prieto property sale (see the Company's news release dated September 3, 2013). Goldgroup has issued the Company two promissory notes in replacement of the Note. The first promissory note, in the principal amount of US$250,000, is payable on demand. The second promissory note, in the principal amount of US$750,000, is payable on September 15, 2015. Both notes bear 8% interest, payable monthly in arrears.
OCO.VN: 0.025 (-0.010)
Oroco Receives Favourable Judgement
Marketwired - Tue Apr 28, 1:21PM CDT
Oroco Resource Corp. (TSX VENTURE: OCO) ("Oroco" or "the Company" is pleased to announce that the United States District Court for the District of Arizona (the "Court" has granted summary judgement in favour of Oroco and the other defendants on certain key claims in the legal action brought by Sonoran Resources LLC ("Sonoran" arising from the contracts, events and services between Oroco, its former Mexican subsidiary, Minas de Oroco Resources SA de CV ("MOR", Goldgroup Mining Inc. ("Goldgroup" and Sonoran relating to the mine construction at, and the sale of the Cerro Prieto Property in Sonora State, Mexico.
OCO.VN: 0.025 (-0.010)
Debt Assignment Agreement Closes
Marketwire - Wed Oct 01, 10:59PM CDT
Oroco Resource Corp. (TSX VENTURE: OCO) ("Oroco" or "the Company" the Company is pleased to announce the closing of its previously announced (news release of September 22, 2014) agreement to assign to Goldgroup Mining Inc. ("Goldgroup" the rights to refunds obtained by Minas de Oroco Resources, S.A. de C.V. of Value Added Tax paid during the years 2008 through 2012. Upon closing Goldgroup issued 1,200,000 of its common shares to Oroco.
OCO.VN: 0.025 (-0.010)
Goldgroup Completes Second Drawdown on Loan Facility
PR Newswire - Wed Oct 01, 4:56PM CDT
Goldgroup Mining Inc. ("Goldgroup" or the "Company" (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) is pleased to announce that the Company has completed the second drawdown of USD$3,993,239 on the previously announced secured medium term loan facility of USD$10 million (the "Facility) provided by RMB Resources Inc. ("RMB" and Credipresto SAPI de CV SOFOM ENR ("Credipresto". The total amount of funds drawn down under the Facility are USD$6,000,000. These funds will be used to facilitate the development of the Company's Cerro Prieto mine ("Cerro Prieto" and for other working capital purposes.
GGA.TO: 0.06 (unch)
Oroco Enters Into Agreements With Goldgroup
Marketwire - Mon Sep 22, 7:35PM CDT
Oroco Resource Corp. (TSX VENTURE: OCO) ("Oroco" advises that it has agreed to assign to Goldgroup Mining Inc. ("Goldgroup" the Company's right to the refund obtained by Minas de Oroco Resources, S.A. de C.V. ("MOR" of Value Added Tax ("VAT" paid during the years 2008 through 2012. In consideration of the assignment, Goldgroup will pay the Company 1,200,000 common shares and 50% of any VAT recovered in excess of CDN$400,000, which sum Goldgroup may elect to pay in Goldgroup shares valued at their 5-day weighted average trading price at the time of payment. The Company will reimburse Goldgroup for 60% of any amount less than CDN$400,000 of VAT recovered by August 30, 2015, though it will remain entitled to recover that amount back from any future VAT recoveries. The Company is of the opinion that Goldgroup's in country resources, expertise and contacts will substantially sustain and enhance MORs efforts and ability to recover the VAT in a timely fashion. Closing of the Agreement is conditional upon receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange.
OCO.VN: 0.025 (-0.010)
Oroco Receives 16.5 Million Shares of Goldgroup Mining Inc.
Marketwired - Fri Aug 28, 7:15PM CDT
Oroco Resource Corp. (TSX VENTURE: OCO) ("Oroco" or "the Company"
announces that it has received 16,500,000 common shares (the "Goldgroup Shares" of Goldgroup Mining Inc. ("Goldgroup" in settlement of the US$4,125,000 promissory note (the "Note" issued to the Company by Goldgroup pursuant to the terms of the Cerro Prieto property sale (see the Company's news release dated September 3, 2013). Under the terms of the Note, Goldgroup was entitled to pay out the Note by issuing and delivering the Goldgroup Shares in lieu of the cash. OCO.VN: 0.025 (-0.010)
Goldgroup Issues 16.5 million Common Shares to Oroco Resource Corp. and Promissory Note Update
CNW Group - Fri Aug 28, 6:00PM CDT
Goldgroup Mining Inc. ("Goldgroup" or the "Company"
(TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) has issued 16,500,000 common shares to Oroco Resource Corp. ("Oroco" with respect to the acquisition of the Cerro Prieto project purchased in 2013 (see news release dated September 3, 2013). As part of the purchase agreement, the Company committed to issue 16,500,000 of its common shares or, at its option, pay US$4,125,000 to Oroco on or before August 30, 2015. The Company has elected to issue the common shares as opposed to cash settlement. GGA.TO: 0.06 (unch)
Goldgroup Amends Promissory Note Terms with Oroco Resource Corp.
CNW Group - Tue Jun 02, 4:00PM CDT
Goldgroup Mining Inc. ("Goldgroup" or the "Company"
(TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) today announces that it has agreed to amend the payment terms for the US$1,000,000 balance of principal remaining owing from the US$1,500,000 promissory note (the "Note" issued by the Company to Oroco Resource Corp. ("Oroco" pursuant to terms of the Cerro Prieto property sale (see news release dated September 3, 2013). Goldgroup has issued the Oroco two promissory notes in replacement of the Note. The first note, in the principal amount of US$250,000, is payable on demand. The second, in the principal amount of US$750,000, is payable on or before September 15, 2015. Both new promissory notes bear 8% annual interest, payable monthly in arrears. GGA.TO: 0.06 (unch)
Oroco Amends Promissory Note Payment Terms
Marketwired - Tue Jun 02, 12:11AM CDT
Oroco Resource Corp. (TSX VENTURE: OCO) ("Oroco" or "the Company"
announces that it has agreed with Goldgroup Mining Inc. ("Goldgroup" to amend the payment terms for the $1,000,000 balance of principal remaining owing from the US$1,500,000 promissory note (the "Note" issued by Goldgroup pursuant to terms of the Cerro Prieto property sale (see the Company's news release dated September 3, 2013). Goldgroup has issued the Company two promissory notes in replacement of the Note. The first promissory note, in the principal amount of US$250,000, is payable on demand. The second promissory note, in the principal amount of US$750,000, is payable on September 15, 2015. Both notes bear 8% interest, payable monthly in arrears. OCO.VN: 0.025 (-0.010)
Oroco Receives Favourable Judgement
Marketwired - Tue Apr 28, 1:21PM CDT
Oroco Resource Corp. (TSX VENTURE: OCO) ("Oroco" or "the Company"
is pleased to announce that the United States District Court for the District of Arizona (the "Court" has granted summary judgement in favour of Oroco and the other defendants on certain key claims in the legal action brought by Sonoran Resources LLC ("Sonoran" arising from the contracts, events and services between Oroco, its former Mexican subsidiary, Minas de Oroco Resources SA de CV ("MOR", Goldgroup Mining Inc. ("Goldgroup" and Sonoran relating to the mine construction at, and the sale of the Cerro Prieto Property in Sonora State, Mexico. OCO.VN: 0.025 (-0.010)
Debt Assignment Agreement Closes
Marketwire - Wed Oct 01, 10:59PM CDT
Oroco Resource Corp. (TSX VENTURE: OCO) ("Oroco" or "the Company"
the Company is pleased to announce the closing of its previously announced (news release of September 22, 2014) agreement to assign to Goldgroup Mining Inc. ("Goldgroup" the rights to refunds obtained by Minas de Oroco Resources, S.A. de C.V. of Value Added Tax paid during the years 2008 through 2012. Upon closing Goldgroup issued 1,200,000 of its common shares to Oroco. OCO.VN: 0.025 (-0.010)
Goldgroup Completes Second Drawdown on Loan Facility
PR Newswire - Wed Oct 01, 4:56PM CDT
Goldgroup Mining Inc. ("Goldgroup" or the "Company"
(TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) is pleased to announce that the Company has completed the second drawdown of USD$3,993,239 on the previously announced secured medium term loan facility of USD$10 million (the "Facility) provided by RMB Resources Inc. ("RMB" and Credipresto SAPI de CV SOFOM ENR ("Credipresto". The total amount of funds drawn down under the Facility are USD$6,000,000. These funds will be used to facilitate the development of the Company's Cerro Prieto mine ("Cerro Prieto" and for other working capital purposes. GGA.TO: 0.06 (unch)
Oroco Enters Into Agreements With Goldgroup
Marketwire - Mon Sep 22, 7:35PM CDT
Oroco Resource Corp. (TSX VENTURE: OCO) ("Oroco"
advises that it has agreed to assign to Goldgroup Mining Inc. ("Goldgroup" the Company's right to the refund obtained by Minas de Oroco Resources, S.A. de C.V. ("MOR" of Value Added Tax ("VAT" paid during the years 2008 through 2012. In consideration of the assignment, Goldgroup will pay the Company 1,200,000 common shares and 50% of any VAT recovered in excess of CDN$400,000, which sum Goldgroup may elect to pay in Goldgroup shares valued at their 5-day weighted average trading price at the time of payment. The Company will reimburse Goldgroup for 60% of any amount less than CDN$400,000 of VAT recovered by August 30, 2015, though it will remain entitled to recover that amount back from any future VAT recoveries. The Company is of the opinion that Goldgroup's in country resources, expertise and contacts will substantially sustain and enhance MORs efforts and ability to recover the VAT in a timely fashion. Closing of the Agreement is conditional upon receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange. OCO.VN: 0.025 (-0.010)
