09:51 AM EST, 01/07/2026 (MT Newswires) -- Oroco Resource ( ORRCF ) on Wednesday said it has entered into an agreement with Canaccord Genuity ( CCORF ) for a C$15 million bought deal financing.

Canaccord is serving as lead underwriter and sole book runner on behalf of a syndicate of underwriters that have agreed to purchase 39.5 million units of Oroco on a bought deal basis at a price of $0.38 per unit.

Each unit will be composed of one common share of Oroco and one-half of one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at an exercise price of $0.53 for a period of 36 months from the closing date of the offering.

The underwriters have been granted an over-allotment option to buy up to an additional 5.9 million units, on the same terms and conditions, exercisable in whole or in part for a period of 30 days following the closing of the offering.

If exercised in full, the over-allotment will result in additional gross proceeds of up to about $2.25 million, for total gross proceeds of up to about $17.25 million.

Net proceeds will be used to fund commencement of pre-feasibility study drilling at the Santo Tomas copper project, advance baseline environmental and permitting work, and for general corporate working capital.

Closing is scheduled for Jan. 14, subject to customary closing conditions, including approval of the TSX Venture Exchange and other regulatory approvals.

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