Vancouver, British Columbia — January 14, 2026 — Leads & Copy — Oroco Resource Corp. has finalized its previously announced bought deal public offering, raising approximately C$23 million through the sale of 60,526,340 units at C$0.38 each. The offering included the full exercise of the over-allotment option.
Each unit comprises one common share of Oroco and one-half of a common share purchase warrant. These warrants allow holders to purchase an additional common share at C$0.53 until January 15, 2029. The warrants are governed by a warrant indenture between Oroco and Computer Trust Company of Canada.
Pending final approval from the TSX Venture Exchange (TSXV), the warrants are expected to commence trading on the TSXV under the ticker symbol “OCO.WT” on January 15, 2026. Fractional common shares will not be issued upon warrant exercise; holders will be rounded down to the nearest whole number of shares.
Canaccord Genuity Corp. led the offering as the lead underwriter and sole bookrunner, with Red Cloud Securities Inc. also acting as an underwriter. Oroco paid the underwriters a cash commission of 6.0% of the gross proceeds, with a reduced 3.0% commission on sales to purchasers on a “President’s List.”
The offering was conducted via a prospectus supplement to the company’s short form base shelf prospectus, filed in all Canadian provinces except Québec. Units were also offered in the United States to qualified institutional buyers and accredited investors, as well as in certain offshore jurisdictions, in compliance with applicable securities laws.
Oroco intends to allocate the net proceeds to fund Pre-Feasibility Study drilling at the Santo Tomás copper project, advance environmental and permitting work, and for general corporate purposes.
Offering documents are available on SEDAR+.
Oroco Resource Corp. holds an 87.0% interest in the Core Concessions of the Santo Tomas Project in northwestern Mexico, totaling 1,173 hectares. It also has an 80% interest in additional mineral concessions surrounding the Core Concessions, covering 4,948.24 hectares, resulting in a total project area of 6,121.11 hectares.
The Santo Tomas Project, located within the Santo Tomas District, contains significant copper porphyry mineralization. Prior exploration from 1968 to 1994 included over 100 drill holes. Oroco’s Phase 1 drill program, initiated in 2021, comprised 76 diamond drill holes.
Drilling, resource estimates, and engineering studies led to a revised MRE and an updated PEA, published and filed in August 2024. The project is situated near the Pacific deep-water port at Topolobampo and is accessible via highway and rail.
Craig Dalziel, Chairman
Oroco Resource Corp.
Tel: 604-688-6200
Email: info@orocoresourcecorp.com
Source: Oroco Resource Corp.
