Oct 9 (Reuters) - Oroco Resource Corp OCO.V :
* OROCO SIGNS OPTION AGREEMENT TO ACQUIRE ADDITIONAL INTEREST IN SANTO TOMAS PROPERTIES
* OROCO RESOURCE - ALSO ENTERED INTO A LOAN AGREEMENT WITH ALTAMURA TO ADVANCE, FOR WORKING CAPITAL PURPOSES, AN AMOUNT OF UP TO US$600,000
* OROCO RESOURCE - CO CURRENTLY HOLDS AN APPROXIMATE 13% EQUITY INTEREST IN ALTAMURA
* OROCO RESOURCE CORP - INTENDS TO CARRY OUT A NON-BROKERED PRIVATE PLACEMENT OF UP TO 3 MILLION UNITS AT A PRICE OF $0.20
* OROCO RESOURCE - SPECIAL COMMITTEE MADE RECOMMENDATION TO BOARD TO APPROVE OPTION AGREEMENT AND LOAN AGREEMENT, & BOARD APPROVED BOTH AGREEMENTS
* OROCO RESOURCE CORP - NET PROCEEDS OF PRIVATE PLACEMENT WILL BE USED FOR BALANCE OF LOANS TO ALTAMURA, AMONG OTHER THINGS