Day: May 19, 2011

Oroco Initiates Related Party Transaction

VANCOUVER, BRITISH COLUMBIA–(Marketwire – May 19, 2011) – Oroco Resource Corp. (TSX VENTURE:OCO) (“Oroco” or “the Company”) announces that it has entered into a loan agreement with ATM Mining Corp. (“ATM”), a related party to the Company, in consideration for which ATM has granted the Company exclusive rights to complete a potential transaction with ATM (the “Transaction”). The loan, in the amount of $255,000, bears interest at the rate of prime plus 1%, and is secured by a pledge of security comprised of a promissory note payable on demand with 30 days notice and a pledge of 1,200,000 common shares of the Company held by ATM and an affiliate.

Levon Announces Closing of $40,170,000 Offering

Levon Resources Ltd. is pleased to announce that it has today closed a previously announced financing, pursuant to which the Company has issued 20,600,000 common shares at a price of $1.95 per share for gross proceeds of $40,170,000.

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