Oroco Resources

Published : May 13th, 2009

General research GMBH to provide european investor...

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Keywords :   Canada | Europe | G Mexico | Germany | K Street | Mexico |

GENERAL RESEARCH GmbH TO PROVIDE
EUROPEAN INVESTOR RELATIONS SERVICES FOR OROCO RESOURCE CORP.

VANCOUVER, British Columbia � (May 13, 2009) Oroco Resource Corp. (TSX-V:OCO) (�Oroco� or �the Company�) is pleased to announce that it has, subject to TSX Venture Exchange acceptance, engaged General Research GmbH (�General Research�) and its principal and sole shareholder, Georg Hochwimmer of Munich, Germany, to provide investor relations and communications services to the Company in Europe.

The Company selected General Research GmbH as it is an experienced, arms length German based financial advisory firm which focuses primarily on junior companies and special situation opportunities and which has successfully increased the exposure of other TSX Venture Exchange listed companies to institutional and retail investors in Europe.  

The Company has agreed to pay General Research a fee of $6,000.00 per month, for an anticipated total cost of $72,000, plus pre-approved out-of-pocket expenses.  In addition, the Company will grant Georg Hochwimmer 250,000 options to purchase common shares of the Company at a price of $0.25 per share.  These options will vest in four equal installments over the term of the agreement, with one quarter vesting on the date of the agreement and one quarter every three months thereafter, and may be exercised for a period of 5 years.  The agreement may be terminated by either party upon 30 days notice.  All payments to General Research GmbH will be made from the Company�s general working capital.  General Research advises that it does not currently hold any shares of Oroco but that it may acquire or dispose of securities of Oroco in the future.

Oroco has a 100% interest in the Cerro Prieto project, a polymetallic (Au-Ag-Pb-Zn) project in Sonora State, Mexico. During the first field season in 2008 the company drilled 5,975 metres of core and tabled a NI 43-101 compliant resource calculation and the results of a preliminary metallurgical study (See May 11, 2009 news release).  With over 40 years of industry experience, Ken Thorsen, President and CEO of Oroco Resource Corp is quickly steering the company forward with the rapid development of mineral resources, a preliminary metallurgy study and the development of a preliminary assessment by an independent mining engineering services firm.  A phase two exploration program is planned to commence in mid 2009. 

Of the Company retaining General Research, Ken Thorsen says: �We are confident that, while we focus on exploration and development, Georg Howchimmer will be busy telling our rapidly developing story to European investors and the financial community.�

 

For further information, please contact
Mr. Ken Thorsen, President and CEO
Oroco Resource Corp.
Tel: 604-688-6200
www.orocoresourcecorp.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

.

Oroco Resource Corp. | 789-999 West Hastings Street | Vancouver | B.C. | V6C 2W2 | Canada

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Data and Statistics for these countries : Canada | Germany | Mexico | All
Gold and Silver Prices for these countries : Canada | Germany | Mexico | All

Oroco Resources

EXPLORATION STAGE
CODE : OCO.V
ISIN : CA6870331007
CUSIP : 687033 10 0
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Oroco is a zinc and lead exploration company based in Canada.

Its main exploration properties are XOCHIPALA and CERRO PRIETO in Mexico.

Oroco is listed in Canada. Its market capitalisation is CA$ 49.1 millions as of today (US$ 36.0 millions, € 33.6 millions).

Its stock quote reached its lowest recent point on January 01, 2016 at CA$ 0.01, and its highest recent level on June 25, 2021 at CA$ 3.66.

Oroco has 77 947 405 shares outstanding.

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Annual reports of Oroco Resources
2007 Annual Report
Financings of Oroco Resources
2/5/2013CLOSES $1 MILLION NON-BROKERED PRIVATE PLACEMENT
9/11/2012Applies to Extend Term of Warrants
6/9/2011Announces Exercise of Warrants
5/25/2009RESOURCE CORP. ANNOUNCES PRIVATE PLACEMENT
Nominations of Oroco Resources
4/27/2010Appointment of Chief Consulting Engineer
Project news of Oroco Resources
1/27/2014(Cerro Prieto)REPORTS INITIAL PRODUCTION AT CERRO PRIETO
10/22/2012(Xochipala)Resource Corp.: Xochipala Amparo Filed
9/21/2012(Xochipala)Announces Commencement of Exploration at its Xochipala Proje...
5/14/2012(Cerro Prieto)REPORTS ON SOUTH EXTENSION DRILLING AT CERRO PRIETO
4/20/2012(Cerro Prieto)ANNOUNCES CERRO PRIETO DRILL RESULTS
1/17/2012(Cerro Prieto)ADDS TO CERRO PRIETO PROJECT
12/8/2011ANNOUNCES START OF DRILLING PROGRAMOROCO ANNOUNCES START OF ...
5/18/2011(Cerro Prieto)Secures Surface Rights for Cerro Prieto Project
1/12/2010(Cerro Prieto)Multiple High Grade Gold Drill Intercepts at Cerro Prieto.
9/30/2009(Cerro Prieto)New and Updated Drill Intercepts
9/17/2009(Cerro Prieto)Second Phase Drilling Verifies 2.0 Kilometer Mineralized Str...
8/11/2009(Cerro Prieto)High Grade Gold Sampled on Additional 900 Meter Strike Lengt...
7/21/2009(Cerro Prieto)Commences Phase Two Drilling at Cerro Prieto
5/14/2009(Cerro Prieto)Signs Property Option Agreement With Yamana Gold
1/27/2009(Cerro Prieto)REPORTS A 25.3 MILLION TONNE INDICATED RESOURCE AND 4.69 MI...
11/28/2008(Cerro Prieto)SURFACE SAMPLING EXTENDS MINERALIZED ZONE AT CERRO PRIETO AL...
9/18/2008(Cerro Prieto)COPPER AND MOLYBDENUM IN ADDITION TO AU-AG-PB-ZN MINERALIZAT...
7/31/2008(Cerro Prieto)Continues its Drilling Success
6/16/2008(Cerro Prieto)Intersects 0.214 g/t Au, 361.8 g/t Ag, 2.40% Pb And 4.76% Zn...
5/21/2008(Cerro Prieto)Initial Drill Holes Intersect Mineralized Structure at Cerro...
4/30/2008(Cerro Prieto)ANNOUNCES FIRST SAMPLING RESULTS FROM CERRO PRIETO NORTH PRO...
Corporate news of Oroco Resources
12/17/2015December 15, 2015 OROCO SETTLES SONORAN LAWSUIT
12/17/2015Oroco Settles Sonoran Lawsuit
11/19/2015Oroco Agrees to Extension of Closing Date
9/29/2015September 28, 2015 OROCO NEGOTIATES PAYMENT OF GOLDGROUP MIN...
9/29/2015Oroco Negotiates Payment of Goldgroup Mining Inc. Notes
9/18/2015September 16, 2015 GOLDGROUP FAILS TO MAKE PAYMENT TO OROCO
9/17/2015Goldgroup Fails to Make Payment to Oroco
9/16/2015August 28, 2015 OROCO RECEIVES 16.5 MILLION SHARES OF GOLDGR...
8/29/2015Oroco Receives 16.5 Million Shares of Goldgroup Mining Inc.
10/2/2014Debt Assignment Agreement Closes
9/23/2014Oroco Enters Into Agreements With Goldgroup
3/31/2014Sonoran Resources LLC. Commences Legal Action
2/7/2014(Xochipala)WINS XOCHIPALA APPEAL
9/3/2013(Cerro Prieto)Announces Completion of the Sale of Cerro Prieto
8/16/2013(Cerro Prieto)and Goldgroup Extend the Closing Date for the Cerro Prieto T...
7/16/2013(Cerro Prieto)and Goldgroup Agree to an Extension of the Closing Date for ...
6/29/2013Receives Demand for Payment
6/25/2013(Cerro Prieto)Obtains Approval for Sale of Cerro Prieto to Goldgroup
6/4/2013Resource Corp.: Amparo Decision Handed Down
4/29/2013Announces Special General Meeting Date
4/10/2013(Cerro Prieto)and Goldgroup Sign Formal Sale Agreement for Cerro Prieto
1/28/2013(Cerro Prieto)SIGNS AGREEMENT TO SELL CERRO PRIETO FOR US $18 MILLION
1/28/2013(Cerro Prieto)Signs Agreement to Sell Cerro Prieto
11/9/2012(Xochipala)Increases Strike Length at Xochipala
6/27/2011(Cerro Prieto)Signs Definitive Cerro Prieto Surface Rights Agreement
6/17/2011(Cerro Prieto)Signs Indicative Term Sheet for Cerro Prieto Construction Fi...
3/15/2011Resource Corp. Announces Closing of Private Placement
3/7/2011Extends Mineralized Zone at Cerro Proeto
10/6/2009Initiation Of Phase Two Metallurgical Tests
6/25/2009Resource Compressed Timeline to Production
6/4/2009Invite for dissemination
5/13/2009General research GMBH to provide european investor...
3/8/2009ANDERSON FINANCIAL MARKETING to provide investor relations ...
11/4/2008Announces Senior Management Assignments
10/2/2008RESOURCE CORP. ADOPTS SHAREHOLDER RIGHTS PLAN
9/9/2008Announces 425 Meter Stepout to Mineralized Zone
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