Business
Oroco Announces Special General Meeting Results
Oroco Announces Special General Meeting Results Canada NewsWire VANCOUVER, Dec. ...
About this update from Oroco Resources Corp.
[{"type":"text","content":"\n\n\n\nOroco Announces Special General Meeting Results\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Dec. 20, 2019\n\n\n\nVANCOUVER, Dec. 20, 2019 /CNW/ - Oroco Resource Corp. (TSX-V: OCO) (\"Oroco\" or \"the Company\") is pleased to announce the results of its Special General Meeting and its Annual General Meeting held on December 19, 2019, at which the shareholders approved all items on the agenda.  In particular, 100% percent of the voting disinterested shareholders approved the Company's option to acquire Altamura Copper Corp. (\"Altamura\") and advance working loans to Altamura as described in the Company's news release of October 9, 2018.\nThe shareholders also voted in favour of setting the number of directors at four (4) and the following incumbent directors were re-elected:  Craig Dalziel, Stephen Leahy, Steve Vanry and Robert Friesen.  Furthermore, the shareholders approved the Company's stock option plan and the re-appointment of Davidson and Company LLC as auditors for the ensuing year.  \nThe Company is pleased to also announce the 50 year extension of the term of the Bob and Roberto Verde concessions, which constitute 2 of the 7 core concessions of the Santo Tomas Project.  The resolution of the extension application for these two concessions completes the final pre-requisite to the transfer of the 7 core Santo Tomas concessions to Altamura's subsidiary, Xochipala Gold, S.A. de C.V. \nABOUT OROCO:\nThe Company holds an irrevocable option to acquire a 56.7% interest in the collective 1,172.9 ha core concessions of the Santo Tomás Project in NW Mexico, and may increase that majority interest up to an 81.0% interest with a project investment of up to CAD$30 million.  The Company also holds a 77.5% interest in 7,807.9 ha of mineral concessions surrounding and adjacent to the core concessions (a total project size of 22,192 acres).  The Project is situated within the Santo Tomas District, which extends from Santo Tomas up to the Jinchuan Group's Bahuerachi project, approximately 14 km to th...