VANCOUVER, British Columbia, Jan. 07, 2026 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSXV:OCO, OTCQB:ORRCF) (the "Company" or "Oroco") is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. ("Canaccord Genuity"), as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (together, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 39,474,000 units of the Company (the "Units") at a price of C$0.38 per Unit (the "Offering Price") for gross proceeds to the Company of approximately C$15.0 million (the "Offering").

Each Unit will be comprised of one common share of the Company (a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to acquire one additional Common Share at an exercise price of C$0.53 for a period of 36 months from the closing date of the Offering.

The Company has granted the Underwriters an over-allotment option (the "Over-Allotment Option") to purchase up to an additional 5,921,100 (15%) of the Units sold pursuant to the Offering, 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 Offering will result in additional gross proceeds of up to approximately C$2.25 million, for total gross proceeds of up to approximately C$17.25 million.

The Offering will be completed by way of a prospectus supplement to the Company's short form base shelf prospectus dated April 23, 2025, filed in all provinces of Canada, other than ...