OROCO CLOSES NON-BROKERED PRIVATE PLACEMENT

August 15, 2023

Vancouver, Canada, Aug. 15, 2023 (GLOBE NEWSWIRE) — Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) is pleased to announce that it has closed a fully subscribed non-brokered private placement (the “Private Placement”) raising gross proceeds of $1,750,000 through the sale of 2,692,308 units at a price of $0.65 per unit.   Each unit consists of one share and one share purchase warrant.  Each share purchase warrant entitles the holder to purchase one share for a period of 24 months from closing at a price of $0.90 per share.

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