Oroco Provides Update Regarding its Option to Acquire an Additional Interest in Santo Tomas Properties

Oroco Provides Update Regarding its Option to Acquire an Additional Interest in Santo Tomas Properties

VANCOUVER, Jan. 14, 2019 /CNW/ – Oroco Resource Corp. (TSX-V: OCO) (“Oroco” or the “Company”) announces that further to its news release dated October 9, 2018, Oroco has engaged an independent qualified person in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects to prepare a technical report (the “Technical Report”) on the Santo Tomas Concessions.

In connection with the option agreement (the “Option Agreement”) between Oroco, Altamura Copper Corp. (“Altamura”) and its shareholders, the Company is preparing the management information circular (the “Circular”) to provide the shareholders of Oroco with prospectus-level disclosure regarding Altamura and the Santo Tomas Concessions, in order to seek shareholder approval of Oroco’s exercise of the option (the “Option”) as set out in the Option Agreement. The financial statements of Altamura are also being prepared for inclusion in the Circular.

Oroco’s exercise of the Option is also subject to further due diligence; completion and review by the Special Committee of the Technical Report; and TSXV acceptance, as required. Upon completion, the Technical Report and the Circular along with the financial statements of Altamura will be filed with the TSXV.