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Last C$0.04 CAD
Change Today 0.00 / 0.00%
Volume 0.0
OCO On Other Exchanges
As of 12:25 PM 05/25/15 All times are local (Market data is delayed by at least 15 minutes).

oroco resource corp (OCO) Snapshot

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52 Week High
01/14/15 - C$0.06
52 Week Low
07/10/14 - C$0.03
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oroco resource corp (OCO) Details

Oroco Resource Corp., an exploration stage company, engages in acquisition, exploration, and development of precious metal projects in Mexico. It primarily explores for gold deposits. The company focuses on the Xochipala project that includes Celia Generosa and Celia Gene mineral concessions covering an area of approximately 193 hectares situated in Guerrero, Mexico. Oroco Resource Corp. was founded in 2006 and is headquartered in Vancouver, Canada.

Founded in 2006

oroco resource corp (OCO) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$116.0K
Chief Financial Officer, Director and Member ...
Total Annual Compensation: C$36.0K
Compensation as of Fiscal Year 2014.

oroco resource corp (OCO) Key Developments

Oroco Resource Corp., Annual General Meeting, Mar 26, 2015

Oroco Resource Corp., Annual General Meeting, Mar 26, 2015., at 10:00 Pacific Standard Time. Location: t 402 ­ 1166 Alberni Street. Agenda: To receive the annual financial statements of the company for its fiscal year ended May 31, 2014, and the report of the auditors thereon; to fix the number of directors at four; to elect directors for the ensuing year; to appoint Davidson & Company LLP, Chartered Accountants as auditors of the company and to authorize the directors to fix the auditors' remuneration; to consider and, if thought fit, to approve an ordinary resolution to re-approve the company's 2007 stock option plan, as more particularly described in the accompanying management information circular; and to transact any other business which may properly come before the meeting, or any adjournment thereof.

Oroco Resource Corp. Auditor Raises 'Going Concern' Doubt

Oroco Resource Corp. filed its Annual on Sep 23, 2014 for the period ending May 31, 2014. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Sonoran Resources LLC and SR Servicios Mineros, S.A. Commence Legal Action against Oroco Resource Corp., Minas de Oroco Resources, S.A. de C.V. and Goldgroup Mining Inc

Oroco Resource Corp. (Oroco) advised that Sonoran Resources LLC and its Mexican subsidiary, SR Servicios Mineros, S.A. de C.V. (jointly, 'Sonoran'), have filed a lawsuit in Arizona against Oroco, Minas de Oroco Resources, S.A. de C.V. (MOR), and Goldgroup Mining Inc. arising from events and services related to the engineering, procurement and construction management agreement (EPCM Agreement) and related service agreements (the jointly, the 'Sonoran Contracts') between Oroco, Minas de Oroco and Sonoran in regard to the mine construction at Cerro Prieto, Sonora State, Mexico (the 'Cerro Prieto Property'). In August of 2013, Oroco sold MOR, the owner of the Cerro Prieto Property, to Goldgroup. In its claim, Sonoran alleges that Oroco (1) breached the Sonoran Contracts; (2) breached its duty of good faith under the Sonoran Contracts; and (3) made fraudulent and/or negligent misrepresentations which harmed Sonoran. Sonoran is seeking damages in an amount to be determined at trial, but claimed to be in excess of $3,000,000, being the fees claimed to be payable to Sonoran pursuant to the Sonoran Contracts if they had been carried out, inclusive of a net amount of $177,066.43 in unpaid invoices, and 250,000 common shares of Oroco. Further, Sonoran has also claimed that Goldgroup breached the Sonoran Contracts, to which Goldgroup was not a party, and that it intentionally interfered with Sonoran's business expectations, causing the loss of at least $3,000,000 of net profits from the fees claimed to be payable pursuant to the Sonoran Contracts if they had been carried out. As a part of the sale of the Cerro Prieto Property, Oroco agreed to indemnify and defend Goldgroup and Minas de Oroco against all claims brought by Sonoran arising from the events or services related to the Sonoran Contracts. It is Goldgroup's and Oroco's opinion that the claims against Goldgroup are completely without merit.


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