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Oroco Announces Bought Deal Financing Led by Canaccord Genuity
VANCOUVER, British Columbia, Jan. 07, 2026 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTCQB: ORRCF) (the “Company” or “Oroco”) is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. (“Canaccord Genuity”), as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (together, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 39,474,000 units of the Company (the “Units”) at a
About this update from Oroco Resources Corp.
[{"type":"text","content":"VANCOUVER, British Columbia, Jan. 07, 2026 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTCQB: ORRCF) (the “Company” or “Oroco”) is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. (“Canaccord Genuity”), as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (together, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 39,474,000 units of the Company (the “Units”) at a price of C$0.38 per Unit (the “Offering Price”) for gross proceeds to the Company of approximately C$15.0 million (the “Offering”).","length":631,"tagName":"p"},{"type":"text","content":"Each Unit will be comprised of one common share of the Company (a “Common Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to acquire one additional Common Share at an exercise price of C$0.53 for a period of 36 months from the closing date of the Offering.","length":338,"tagName":"p"},{"type":"text","content":"The Company has granted the Underwriters an over-allotment option (the “Over-Allotment Option”) to purchase up to an additional 5,921,100 (15%) of the Units sold pursuant to the Offering, on the same terms and conditions, exercisable in whole or in part for a period of 30 days following the closing of the Offering. If exercised in full, the Over-Allotment Offering will result in additional gross proceeds of up to approximately C$2.25 million, for total gross proceeds of up to approximately C$17.25 million.","length":511,"tagName":"p"},{"type":"text","content":"The Offering will be completed by way of a prospectus supplement to the Company’s short form base shelf prospectus dated April 23, 2025, filed in all provinces of Canada, other than Québec. The Units may also be offered in the United States to qualified institutional buyers pursuant to Rule 144A under the United States Securities Act of 1933, as amended (the “1933 Act”), and to accredited investors pursuant to Rule 506 (b) of Regulation D under the 1933 Act, and in certain offshore jurisdictions, in each case in accordance with applicable securities laws.","length":561,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds from the Offering to fund commencement of Pre-Feasibility Stu...