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Oroco Resource Corp.: Court Holds "Constitutional Hearing" in Amparo Proceeding
Published : February 22, 2013
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Keywords :   Goldgroup | Oroco |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 22, 2013) - Oroco Resource Corp. ("Oroco" or "the Company") (News - Market indicators)(FRANKFURT:OR6) is pleased to announce that the Seventh District Judge (Federal) of the State of Guerrero has held the constitutional hearing in the two amparo petitions related to the registration of the Celia Gene and Celia Generosa concessions (the "Xochipala Concessions") (see the Company's news release dated October 22, 2012 and its most recent MD&A). With this phase of the proceedings completed, the court is now in a position to make its decision on the amparos.

One of the amparo petitions was filed by the Company's subsidiary, Minera Xochipala, S.A. de C.V. ("Minera Xochipala"), seeking to set aside a conflicting court order from a state civil court (the "State Court Order") with regard to that part of the Company's interest in the Xochipala Concessions acquired from one of the two vendors (the "Camacho Interest"), and all that flowed from it. The other amparo was filed by the beneficiary of the State Court Order, seeking to have the registration by the Public Mining Registry (the "PRM") of the Camacho Interest to Minera Xochipala struck and to have it registered in his name. The PRM was in possession of the State Court Order at the time it resolved that Minera Xochipala was the proper registered owner of a 100% interest in the Xochipala Concessions.

The company's legal counsel and management are confident that the decision of the PRM was correct and that the court will uphold Minera Xochipala's ownership of the Xochipala Concessions, leaving it as the sole, legitimate and registered owner of the Xochipala concessions.

The Company is also pleased to report that, pursuant to the terms of its recently announced agreement to sell a 100-per-cent interest in Minas de Oroco Resources S.A. de C.V. to Goldgroup Mining Inc. (see the Company's news release dated January 28, 2013), it has obtained binding lock-up agreements in support of the sale from shareholders representing not less than 22% of the outstanding shares of the Company.

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.
Mr. Craig Dalziel
President and CEO
604-688-6200
604-688-6260 (FAX)
www.orocoresourcecorp.com
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Oroco Resources

EXPLORATION STAGE
CODE : OCO.V
ISIN : CA6870331007
CUSIP : 687033 10 0
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In the News and Medias of Oroco Resources
3/9/2010Lithium developer Orocobre plans Toronto listing
Annual reports of Oroco Resources
2007 Annual Report
Financings of Oroco Resources
2/5/2013CLOSES $1 MILLION NON-BROKERED PRIVATE PLACEMENT
12/14/2012Closes First Tranche of Non-Brokered Private Placement
9/11/2012Applies to Extend Term of Warrants
6/9/2011Announces Exercise of Warrants
3/1/2011 Announces Private Placement
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
12/19/2010(Cerro Prieto)Oroco Resource Corp. Announces Positive Preliminary Economic...
12/15/2010Resource Corp Announces Positive Preliminary Economic Assess...
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
5/11/2009(Cerro Prieto)RESTATES RESOURCE ESTIMATE ON CERRO PRIETO PROJECT AND RELEA...
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...
10/8/2008(Cerro Prieto)INTERSECTS 18.50 G/T OF GOLD OVER 2.0 METERS
9/18/2008(Cerro Prieto)COPPER AND MOLYBDENUM IN ADDITION TO AU-AG-PB-ZN MINERALIZAT...
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
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
2/22/2013Resource Corp.: Court Holds "Constitutional Hearing" in Ampa...
1/28/2013(Cerro Prieto)SIGNS AGREEMENT TO SELL CERRO PRIETO FOR US $18 MILLION
1/28/2013(Cerro Prieto)Signs Agreement to Sell Cerro Prieto
12/22/2012Resource Corp. Announces Closing of Private Placement
11/19/2012Enters Into Term Sheet for Funding
11/9/2012(Xochipala)Increases Strike Length at Xochipala
6/27/2011(Cerro Prieto)Signs Definitive Cerro Prieto Surface Rights Agreement
6/17/2011(Cerro Prieto)Signs Indicative Term Sheet for Cerro Prieto Construction Fi...
3/15/2011Resource Corp. Announces Closing of Private Placement
3/7/2011Extends Mineralized Zone at Cerro Proeto
10/6/2009Initiation Of Phase Two Metallurgical Tests
6/25/2009Resource Compressed Timeline to Production
6/4/2009Invite for dissemination
5/13/2009General research GMBH to provide european investor...
3/8/2009ANDERSON FINANCIAL MARKETING to provide investor relations ...
11/4/2008Announces Senior Management Assignments
10/31/2008ANNOUNCES FINAL DRILL RESULTS FROM PHASE ONE EXPLORATION PRO...
10/2/2008RESOURCE CORP. ADOPTS SHAREHOLDER RIGHTS PLAN
9/9/2008Announces 425 Meter Stepout to Mineralized Zone
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TSX-V (OCO.V)
0.030+0.00%
TSX-V
CA$ 0.030
09/02 14:29 -
0%
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