Oroco Resource Corp. Announces Initial Closing of Private Placement and Increase in the Number of Units

Oroco Resource Corp. announce that it intends to increase the size of the non-brokered private placement of $0.225 units announced November 13, 2009 from six million units to seven million units, thereby increasing the funds raised from $1,350,000 to $1,575,000. The Company is also pleased to announce that it has closed the first tranche of 5,720,500 units of the Private Placement at a price of $0.225... 

Tag: private placement programme, private placement program, mark vanry, haywood securities flowthrough, alto group mining