OROCO ISSUES INCENTIVE OPTIONS
VANCOUVER, Canada, April 09, 2024 (GLOBE NEWSWIRE) — Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) announces that pursuant to the Company’s Stock Option Plan and subject to approval by the TSX Venture Exchange, it has granted a total of 6,235,000 incentive stock options to 33 directors, officers, employees and consultants of the Company at an exercise price of $0.75 per share, with a term of 3 years. Of that total option grant, 3,075,000 incentive options have been granted to officers and directors of the Company. All options will vest in 4 installments with one-quarter vesting on the grant and thereafter upon each of the 3, 6, and 9-month anniversaries of the grant. The Company now has 13,685,000 incentive options outstanding, equating to 6 percent of the currently issued and outstanding shares of the Company, at an average exercise price of $1.42 per share.