Oroco Resource Corp (ORRCF) 0.0400 $ORRCF Oroco
Post# of 273254
Posted On: 09/20/2016 5:18:48 AM
Oroco Resource Corp (ORRCF) 0.0400 $ORRCF
Oroco Settles Sonoran Lawsuit
Marketwired - Wed Dec 16, 9:51PM CST
Oroco Resource Corp. (TSX VENTURE: OCO) ("Oroco" or "the Company"
announces that it has received a Dismissal Order (the "Order" with regard to the remaining claims by Sonoran Resources LLC. and SR Servicios Mineros, S.A. de C.V.'s (jointly, "Sonoran" (see news releases of March 31, 2014 and April 28, 2015) against the Company and Minas de Oroco Resources, S.A. de C.V. The Order, which dismisses the matter with prejudice, was issued as a result of a settlement agreement between all the parties to the matter pursuant to which the Company agreed to pay Sonoran $49,000 in full settlement of all Sonoran claims, which originally were in excess of US$3,000,000. The Company has paid the first half of this amount, with the balance due on January 31, 2016.
OCO.VN: 0.045 (unch)
Oroco Agrees to Extension of Closing Date
Marketwired - Wed Nov 18, 8:20PM CST
Oroco Resource Corp. (TSX VENTURE: OCO) ("Oroco" or "the Company" announces that, further to its news release of September 28, 2015, it has agreed with Goldgroup Mining Inc. ("Goldgroup" to extend until January 16, 2016 the deadline for Goldgroup to enter into a formal debt repayment agreement with the Company. Goldgroup will pay US$25,000 to the Company in consideration for the extension. Remaining in place is the $100,000 break fee payable by Goldgroup if the formal debt payment agreement is not signed by the agreed deadline. In a related transaction, the Company will sell the 3 million shares of Goldgroup that it had agreed to sell to persons introduced by Goldgroup at a price of $0.06. After completion of the sale, the Company will hold 14,125,000 Goldgroup shares.
OCO.VN: 0.045 (unch)
Goldgroup Further Amends Promissory Note Terms with Oroco Resource Corp.
CNW Group - Tue Sep 29, 7:39PM CDT
Goldgroup Mining Inc. ("Goldgroup" or the "Company" (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) today announces that it has agreed to further amend the payment terms for the US$950,000 outstanding from the two promissory notes 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 and August 28, 2015).
GGA.TO: 0.29 (unch)
Oroco Negotiates Payment of Goldgroup Mining Inc. Notes
Marketwired - Mon Sep 28, 8:28PM CDT
Oroco Resource Corp. (TSX VENTURE: OCO) ("Oroco" or "the Company" announces that, further to its news release of September 16, 2015, it has agreed with Goldgroup Mining Inc. ("Goldgroup" to a revised payment schedule for the US$950,000 outstanding from the two promissory notes issued by Goldgroup to the Company. Pursuant to the agreement, Goldgroup will have until November 16, 2015 to enter into a formal debt payment agreement (the "Payment Agreement" with the Company, pursuant to which it will pay the Company US$300,000 on signing, US$20,000 per month, commencing October 1, 2015 (payments due before signing of the formal agreement to accrue and be paid at signing), until September 15, 2016, with the balance of the remaining principal on or before that date. The outstanding principal will bear 12% interest, payable monthly in arrears. If the Payment Agreement is not signed by November 16, 2015, or if Goldgroup fails to perform all of its obligations under the Payment Agreement, it will pay the Company a C$100,000 break fee. In a related transaction, the Company has also agreed to sell a total of 6 million of its shares of Goldgroup (the "Shares", at a price of $0.06 per Share to one or more persons introduced by Goldgroup, some of whom may be insiders of Goldgroup. The Company will sell 3 million of the Shares prior to the signing of the Payment Agreement, of which 2.4 million were sold today, and it will grant the purchaser the option to purchase a further 3 million, subject to the Payment Agreement being executed by November 16, 2015 and Goldgroup paying the sums due at the time of execution.
OCO.VN: 0.045 (unch)
Goldgroup Fails to Make Payment to Oroco
Marketwired - Wed Sep 16, 7:25PM CDT
Oroco Resource Corp. (TSX VENTURE: OCO) ("Oroco" or "the Company" announces that it has not received any payout from Goldgroup Mining Inc. ("Goldgroup" of the US$750,000 promissory note due and payable on September 15, 2015. The Company and Goldgroup are currently negotiating the payment of Goldgroup's outstanding indebtedness to the Company. The Company remains confident of obtaining payment in full and of Goldgroup's intentions to honour its indebtedness.
OCO.VN: 0.045 (unch)
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: 0.045 (unch)
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: 0.29 (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: 0.29 (unch)
Oroco Amends Promissory Note Payment Terms
Marketwire Canada - Tue Jun 02, 12:10AM 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: 0.045 (unch)
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: 0.045 (unch)
Oroco Settles Sonoran Lawsuit
Marketwired - Wed Dec 16, 9:51PM CST
Oroco Resource Corp. (TSX VENTURE: OCO) ("Oroco" or "the Company"
announces that it has received a Dismissal Order (the "Order" with regard to the remaining claims by Sonoran Resources LLC. and SR Servicios Mineros, S.A. de C.V.'s (jointly, "Sonoran" (see news releases of March 31, 2014 and April 28, 2015) against the Company and Minas de Oroco Resources, S.A. de C.V. The Order, which dismisses the matter with prejudice, was issued as a result of a settlement agreement between all the parties to the matter pursuant to which the Company agreed to pay Sonoran $49,000 in full settlement of all Sonoran claims, which originally were in excess of US$3,000,000. The Company has paid the first half of this amount, with the balance due on January 31, 2016. OCO.VN: 0.045 (unch)
Oroco Agrees to Extension of Closing Date
Marketwired - Wed Nov 18, 8:20PM CST
Oroco Resource Corp. (TSX VENTURE: OCO) ("Oroco" or "the Company"
announces that, further to its news release of September 28, 2015, it has agreed with Goldgroup Mining Inc. ("Goldgroup" to extend until January 16, 2016 the deadline for Goldgroup to enter into a formal debt repayment agreement with the Company. Goldgroup will pay US$25,000 to the Company in consideration for the extension. Remaining in place is the $100,000 break fee payable by Goldgroup if the formal debt payment agreement is not signed by the agreed deadline. In a related transaction, the Company will sell the 3 million shares of Goldgroup that it had agreed to sell to persons introduced by Goldgroup at a price of $0.06. After completion of the sale, the Company will hold 14,125,000 Goldgroup shares. OCO.VN: 0.045 (unch)
Goldgroup Further Amends Promissory Note Terms with Oroco Resource Corp.
CNW Group - Tue Sep 29, 7:39PM CDT
Goldgroup Mining Inc. ("Goldgroup" or the "Company"
(TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) today announces that it has agreed to further amend the payment terms for the US$950,000 outstanding from the two promissory notes 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 and August 28, 2015). GGA.TO: 0.29 (unch)
Oroco Negotiates Payment of Goldgroup Mining Inc. Notes
Marketwired - Mon Sep 28, 8:28PM CDT
Oroco Resource Corp. (TSX VENTURE: OCO) ("Oroco" or "the Company"
announces that, further to its news release of September 16, 2015, it has agreed with Goldgroup Mining Inc. ("Goldgroup" to a revised payment schedule for the US$950,000 outstanding from the two promissory notes issued by Goldgroup to the Company. Pursuant to the agreement, Goldgroup will have until November 16, 2015 to enter into a formal debt payment agreement (the "Payment Agreement" with the Company, pursuant to which it will pay the Company US$300,000 on signing, US$20,000 per month, commencing October 1, 2015 (payments due before signing of the formal agreement to accrue and be paid at signing), until September 15, 2016, with the balance of the remaining principal on or before that date. The outstanding principal will bear 12% interest, payable monthly in arrears. If the Payment Agreement is not signed by November 16, 2015, or if Goldgroup fails to perform all of its obligations under the Payment Agreement, it will pay the Company a C$100,000 break fee. In a related transaction, the Company has also agreed to sell a total of 6 million of its shares of Goldgroup (the "Shares", at a price of $0.06 per Share to one or more persons introduced by Goldgroup, some of whom may be insiders of Goldgroup. The Company will sell 3 million of the Shares prior to the signing of the Payment Agreement, of which 2.4 million were sold today, and it will grant the purchaser the option to purchase a further 3 million, subject to the Payment Agreement being executed by November 16, 2015 and Goldgroup paying the sums due at the time of execution. OCO.VN: 0.045 (unch)
Goldgroup Fails to Make Payment to Oroco
Marketwired - Wed Sep 16, 7:25PM CDT
Oroco Resource Corp. (TSX VENTURE: OCO) ("Oroco" or "the Company"
announces that it has not received any payout from Goldgroup Mining Inc. ("Goldgroup" of the US$750,000 promissory note due and payable on September 15, 2015. The Company and Goldgroup are currently negotiating the payment of Goldgroup's outstanding indebtedness to the Company. The Company remains confident of obtaining payment in full and of Goldgroup's intentions to honour its indebtedness. OCO.VN: 0.045 (unch)
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: 0.045 (unch)
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: 0.29 (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: 0.29 (unch)
Oroco Amends Promissory Note Payment Terms
Marketwire Canada - Tue Jun 02, 12:10AM 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: 0.045 (unch)
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: 0.045 (unch)
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