04:24 PM EDT, 09/25/2025 (MT Newswires) -- Oroco Resource ( ORRCF ) said Thursday afternoon it is launching a non-brokered private placement, aiming to raise up to US$3.6 million.

The company said it will offer up to 18-million units in the financing, with each priced at US$0.20 and made up of a share and one half of a two-year warrant to buy a share for US$0.30.

Faysal Rodriguez, a recently appointed board member, will invest US$1 million by purchasing five-million units, the company said.

Funds raised will go toward advancing Oroco's Santo Tomas Project in Mexico, along with general corporate needs and working capital, the company added.

Shares of Oroco Resource ( ORRCF ) closed up $0.05 to $0.395 on the TSX Venture Exchange.