OROCO INCREASES SANTO TOMAS INTEREST
TSX-V: OCO) (“ Oroco” or “ Rodriguez”) of Mexico City to acquire 25 shares of Xochipala Gold, S.A. de C.V. (“ Xochipala Gold”) for US$1.5 million. Xochipala Gold holds 100% of the registered title (85% of the beneficial ownership) to the seven core concessions (the “ Core Concessions”) of the Company’s Santo Tomas Project. The shares of Xochipala Gold being acquired currently represent 8.5% of the beneficial ownership of the Core Concessions. Background: Prior to reaching the current agreements with Rodriguez, the Company’s held all 180 issued shares of Xochipala Gol...
Source: financialpost.com