Oroco Resource Corp.

Oroco Resource Corp.

December 17, 2009 20:03 ET

Oroco Announces New CFO

VANCOUVER, BRITISH COLUMBIA--(Marketwire – Dec. 17, 2009) - Oroco Resource Corp. (TSX VENTURE:OCO) ("Oroco" or "the Company") is pleased to announce the appointment of Steve Vanry as a director of the Company and as Chief Financial Officer of the Company.

Mr. Vanry's career includes over seventeen years with publicly-traded natural resource companies at both management and board levels during which time he focused on strategic planning, fund raising, mergers and acquisitions, regulatory compliance and financial reporting. In 2003, he founded Fury Explorations Ltd., a company with advanced-stage silver projects in Nevada, which subsequently merged with Golden Predator Mines Inc. Mr. Vanry currently provides consulting services in corporate finance, business development and merchant banking, and serves as director and/or officer for a number of public companies in the mining sector. He is a holder of the right to use the Chartered Financial Analyst designation and the Canadian Investment Manager designation and is a member of the CFA Institute as well as the Vancouver Society of Financial Analysts.

The Company also announces that it has granted a total of 375,000 incentive stock options at a price of $0.25 per share to a director and officer and two consultants, subject to normal vesting arrangements. The option grants are subject to TSX Venture Exchange approval. The Company has also cancelled 1,600,000 incentive options at a price of $0.55 per share previously granted to directors, officers and consultants.

About Oroco

Oroco is a Canadian-based mineral exploration company with its primary focus on the accelerated development of the gold bearing oxide zones of its Cerro Prieto project, a polymetallic (Au-Ag-Pb-Zn) project in Sonora State, Mexico. 

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.

Contact Information