Romios Gold Resources Announces $555,000 First Closing of Non-brokered Offering
TSX VENTURE: RG
Proceeds from the Offering are expected to be used to advance the exploration program on the numerous Copper-Gold-Silver prospects within the Company's large (72,368 hectares/178,825 acres) Golden Triangle Property in northwestern British Columbia, as well as other properties, and for working capital.
Each FT Unit is priced at $0.10 and consists of one (1) common share and one-half (0.5) of a share purchase warrant. Each full warrant ("Warrant") entitles the holder to purchase one (1) common share (a "Warrant Share") at a price of $0.18 per Warrant Share until the date which is twelve (12) months following the Closing of the Offering.
Each WC Unit is priced at $0.08 and consists of one (1) common share and one (1) common share purchase warrant ("WC Warrant"). Each WC Warrant entitles the holder to purchase one (1) common share (a "WC Warrant Share") at a price of $0.12 per WC Warrant Share until the date which is twelve (12) months following the Closing of the Offering.
The Offering will remain open until the earlier of the sale of the remaining 5,387,500 units and October 31, 2018.
About Romios Gold Resources Inc.
Romios Gold Resources Inc., a progressive Canadian mineral exploration company established in 1995, is engaged in precious and base metal exploration primarily focused on gold, silver and copper on its properties in the Golden Triangle area, northwestern British Columbia. In addition to the properties in the Golden Triangle area, Romios holds a 100% interest in the Lundmark-Akow Lake property in Ontario, the LaCorne Property in Quebec and the Scossa Property in Nevada. It also holds a 2% Net Smelter Return Royalty on the Hislop property in Ontario.
This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements.
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