Oroco Receives Demand for Payment
Oroco Resource Corp. announces that it has received a demand from Wexford Catalyst Trading Limited for payment of the outstanding principal, in the amount of $750,000, and the associated interest and fees with regard to the debenture issued on May 2, 2012 by the Company to Goldman Sachs International FBO Wexford Catalyst Trading Limited. The Company has also received a demand from Wexford Spectrum Trading Limited for payment of the outstanding principal, in the amount of $3,000,000, and the associated interest and fees with regard a debenture issued on May 2, 2012 by the Company with regard to the debenture issued on May 2, 2012 by the Company to Goldman Sachs International FBO Wexford Spectrum Trading Limited. The aggregate accrued interest to date outstanding on the Debentures is approximately $257,000.