OROCO CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT FINANCING

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VANCOUVER, Canada, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTCQB: ORRCF) is pleased to announce the closing of an initial tranche of its non-brokered private placement announced September 24, 2025, realizing gross proceeds of US$1,530,999 through the sale of 7,654,995 units at the price of US$0.20 per unit.  Each unit consists of one common share of the Company (each, a “Share”) and one-half of one Share Purchase Warrant (a “Warrant”).  Each whole Warrant entitles the holder to purchase one Share of the Company for US$0.30 for a period of 24 months from closing.
 
This portion of the financing is subscribed for by Mexico-based investors, including new independent director Faysal Rodriguez (subscribing for 5 million units) and two Mexico-based strategic investors.
 
The proceeds will be used to advance the Santo Tomas Project towards its planned Pre-Feasibility Study and for general corporate purposes. The closing is carried out pursuant to prospectus exemptions of applicable securities law and is subject to final acceptance by the TSX Venture Exchange.  The Shares, and any shares issued on the exercise of Warrants, are subject to a hold period expiring on March 6, 2026.
 
Craig Dalziel, Oroco’s Chairman, commented: “We appreciate the considerable impact Faysal Rodriguez continues to have on Oroco.  Most recently, his contribution is most evident through his substantial personal financial participation along with members of his professional network from Mexico’s mining and construction sectors.  Their support reflects a growing recognition within Mexico’s business community of the importance of the Santo Tomas Project and the development opportunities it represents for northern Sinaloa.  We see this as further validation of the Company’s plans to continue the  advancement of the Santo Tomas Project toward Pre-Feasibility and beyond.”
 
The participation of Mr. Rodriguez (a newly appointed director) in the non-brokered private placement is considered a related-party transaction pursuant to NI 61-101 – Protection of Minority Security Holders in Special Transactions.  The Company is relying on the exemptions from the formal valuation requirements contained in section 5.5(b) of MI 61-101 and the minority shareholder approval requirements contained in section 5.7(1)(a) of MI 61-101, as the fair market value of the “related party” participation in the Offering does not exceed 25% of the Company’s market capitalization.