HighGold Mining

Romios Gold Resources Announces $540,000 First Closing of Non-Brokered Offering

Toronto, Ontario--(Newsfile Corp. - December 21, 2018) - Romios Gold Resources Inc. (TSXV: RG) (OTC Pink: RMIOF) (FSE: D4R) ("Romios" or the "Company") is pleased to announce that it has closed the first tranche of a non-brokered flow-through share private placement (the "Offering") with the sale of 8,307,692 flow-through shares (the "FT Shares") at a price of $0.065 per FT Share for aggregate proceeds of $539,999.98.

Proceeds from the Offering are expected to be used for exploration of the Company's properties in British Columbia and Ontario.

The Company paid eligible finders cash compensation of $43,200 and issued 664,615 Compensation Options. Each Compensation Option entitles the holder to acquire one (1) common share of the Company at $0.065 for a period of one (1) year from the closing of the Offering.

The securities issued are subject to a statutory hold period expiring on April 21, 2019.

The Offering will remain open until the earlier of the sale of the remaining 3,692,308 FT Shares and December 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.

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.

For further information, please contact:

Tom Drivas, President and Director, (tel) 416-221-4124, (fax) 416-218-9772 or (email) This email address is being protected from spambots. You need JavaScript enabled to view it..

Frank van de Water, Chief Financial Officer and Director, (tel) 416-221-4124 or (email) This email address is being protected from spambots. You need JavaScript enabled to view it..


Sign Up To Receive All Morning
News To Your Email Inbox

Please review our Disclaimer and Privacy Policy before subscribing.

Romios Gold Resources

Last Trade: C$0.05
Daily Change: -0.005 -9.09
Daily Volume: 56,000
Market Cap: C$9.920M
Romios Gold Resources Plans Follow-Up on Discovery of 8.6 g/t Gold over 4.75 Metres at Lundmark - Akow Lake Property Near Newmont's Musselwhite Gold Mine
ROMIOS Acquires 55 Claims with Numerous Gold and Copper Showings on the North Caribou River Fault in NW Ontario
ROMIOS Stakes 81 Claims On-Strike From The Arseno Lake Zinc-Lead-Silver-Gold Deposit in NW Ontario
Romios Gold: Election of Directors
Romios Drilling Discovers 4 Overlapping Copper-Gold Mineralization Centres Including New VMS Zones at the Lundmark-Akow Lake Project in NW Ontario
Romios' Exploration Results Further Extend Copper-Gold Zones at JW and Trek Projects in BC's Golden Triangle
ROMIOS Completes Follow-Up Drilling at its High-Grade Gold Discovery on the Lundmark-Akow Lake Project in NW Ontario, Assay Results are Pending
ROMIOS Begins Follow-Up Drilling at Its High-Grade Gold Discovery on the Lundmark-Akow Lake Project in NW Ontario
ROMIOS Gold Stakes 142 More Claims Adjacent To Its Recent Gold Discovery at Lundmark-Akow Lake in NW Ontario
ROMIOS Drilling Intersects Large Red Lake Type Carbonate Veins and Expands Its Gold Discovery on Its Lundmark-Akow Lake Project in NW Ontario
Romios Exploration Team Begins Work on Its Andrei, JW and Trek Projects in the Golden Triangle Area, BC
Romios Gold Intersects 8.64 G/t Au Over 4.75 Metres in a Newly Discovered Quartz-Pyrrhotite Vein on Its Lundmark-AKOW Lake Project in NW Ontario

First Majestic Silver

First Majestic Silver

First Majestic Silver is a publicly traded mining company focused on silver production in Mexico. The Company’s vision is to be the world’s purest silver producer through aggressive development of its existing mineral property assets. First Majestic presently owns and operates three producing mines- the San Dimas silver/gold mine, Santa Elena silver/gold mine and La Encantada silver mine. The Company’s mission is to produce profitable silver ounces and... LEARN MORE