Oroco Resource Corp.

Oroco Resource plans a bought-deal financing of about C$20m by placing 52,631,600 units at C$0.38 each; each unit comprises one common share and one-half warrant; the warrants have an exercise price of C$0.53 and are exercisable within 36 months. The transaction is led by a syndicate headed by Canaccord Genuity; an overallotment option for up to 7,894,740 additional units may be exercised within 30 days. Closing is planned for around 14 January 2026 and is subject to regulatory approvals. Oroco holds 87.0% of the Santo-Tomas project with extensive copper-porphyry exploration, but with a market capitalization of USD 82.6m it faces liquidity and profitability issues (current ratio 0.39; loss-making in the last 12 months). » Więcej na de.investing.com

Oroco Resource’s shares fell about 23.7% after the company announced it was increasing its bought‑deal financing to roughly C$20.0m. Oroco is offering 52,631,600 units at C$0.38 each; each unit consists of one common share and one half warrant, and a full warrant is exercisable at C$0.53 within 36 months. The syndicate banks were granted an over‑allotment option for up to 7,894,740 additional units, which could raise gross proceeds to about C$23.0m if fully exercised. The proceeds are intended to fund drilling for the Santo Tomás pre‑feasibility study, as well as environmental and permitting work and working capital; closing is expected around January 14, 2026, and is subject to TSX‑V approval. » Więcej na de.investing.com