VANCOUVER, June 19, 2019 /CNW/ - Oroco Resource Corp.
(TSX-V: OCO) ("Oroco" or "the Company") is
pleased to announce that it has engaged San Diego Torrey Hills
Capital, Inc. ("Torrey Hills Capital") to provide market awareness
and investor relations services to the Company.
Torrey Hills Capital is a leading investor and financial public
relations firm specializing in small and microcap companies. Torrey
Hills Capital will increase awareness of the Company through its
established relationships with investment professionals, investment
advisors, and money managers focused on the microcap market space.
This will assist the Company in building on and maintaining its
investor audience in both the U.S. and Canadian marketplaces.
Torrey Hills Capital has been engaged at a rate of US$5,000 per month for an initial term of six
months, which may be extended by agreement for consecutive six
month terms. The Company has also agreed to grant 100,000
incentive stock options exercisable at a price of $0.55 per share for a period of three years, of
which 25% will vest at the three month anniversary of the
engagement, with an additional 25% vesting each three months
thereafter. Torrey Hills
currently has no direct or indirect interest in the securities of
the Company, or any right or intent to acquire such an interest
except pursuant to the exercise of the above referenced
options.
The appointment of Torrey Hills Capital as an investor relations
consultant to the Company and the granting of the options are
subject to regulatory acceptance of applicable filings with the TSX
Venture Exchange.
ABOUT TORREY HILLS CAPITAL:
Torrey Hills Capital was formed in 1998 and is headquartered in
Rancho Santa Fe, California. The
team of professionals offers experience and expertise in investor
relations, corporate communications, non-deal road shows, and
market support activities. Torrey Hills Capital specializes in the
development and marketing of emerging growth companies which trade
in the United States (NYSE, NYSE
American, and OTC) and in Canada
(TSX, TSX-V, and CSE). Marketing activities articulate key
investment attributes, strategic direction, and financial
expectations, which combine to ensure that client market value
fully reflects past achievements and future opportunities. Further
information is available at www.torreyhillscapital.com.
ABOUT OROCO:
The Company currently holds an irrevocable option to acquire 100
percent of Altamura Copper Corp., a private B.C. company which
holds a 50 percent interest in Compañía Minera Ruero, S.A. de C.V.,
the registered owner of the Santo Tomas concessions, and an option
to acquire the other 50 percent interest. The Santo Tomas
concessions are a contiguous group of seven mineral concessions
located in Sinaloa State, Mexico. Altamura Copper Corp. also
holds a 66.7 percent interest in Xochipala Gold, S.A de C.V., the
owner of a net 85 percent unregistered contractual interest in the
Santo Tomas concessions. The Company and Altamura Copper
Corp. are pursuing the registration of the Santo Tomas concessions
to Xochipala Gold, S.A. de C.V. for reason of its preferable
ownership and investment structure relating to those concessions
(see the Company's most recent MD&A available on SEDAR).
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.
Cautionary Note
Regarding Forward Looking Information
This news release includes certain "forward-looking
information" and "forward-looking statements" (collectively
"forward-looking statements") within the meaning of applicable
Canadian securities legislation. All statements, other than
statements of historical fact included herein, including without
limitation, statements relating to future events or achievements of
the Company, are forward-looking statements. There can be no
assurance that such forward-looking statements will prove to be
accurate, and actual results and future events could differ
materially from those anticipated or implied in such statements.
Many factors, both known and unknown, could cause actual results,
performance or achievements to be materially different from the
results, performance or achievements that are or may be expressed
or implied by such forward-looking statements. Readers should
not place undue reliance on the forward-looking statements and
information contained in this news release concerning these
matters. Oroco does not assume any obligation to update the
forward-looking statements should they change, except as required
by law.
SOURCE Oroco Resource Corp.