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Oroco Settles Sonoran Lawsuit

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Dec. 16, 2015) – Oroco Resource Corp. (TSX VENTURE:OCO) (“Oroco” or “the Company“) announces that it has received a Dismissal Order (the “Order“) with regard to the remaining claims by Sonoran Resources LLC. and SR Servicios Mineros, S.A. de C.V.’s (jointly, “Sonoran“) (see news releases of March 31, 2014 and April 28, 2015) against the Company and Minas de Oroco Resources, S.A. de C.V. The Order, which dismisses the matter with prejudice, was issued as a result of a settlement agreement between all the parties to the matter pursuant to which the Company agreed to pay Sonoran $49,000 in full settlement of all Sonoran claims, which originally were in excess of US$3,000,000. The Company has paid the first half of this amount, with the balance due on January 31, 2016.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Oroco Resource Corp.
Mr. Craig Dalziel
President and CEO
604-688-6200

 

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