Toronto, Ontario--(Newsfile Corp. - October 2, 2018) - Romios Gold Resources Inc. (TSXV: RG) (OTC Pink: RMIOF) (FSE: D4R) ("Romios" or the "Company") is pleased to announce that, further to its press release of September 26, 2018, it has closed the first tranche of its non-brokered private placement (the "Offering") with the sale of 1,300,000 flow-through units (the "FT Units") at a price of $0.10 per FT Unit for $130,000 and 5,312,500 working capital units (the "WC Unit") at a price of $0.08 per WC Unit for $425,000 for aggregate proceeds of $555,000. The securities issued are subject to a statutory hold period expiring on February 3, 2019.
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.
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) romios@romios.com.
Frank van de Water, Chief Financial Officer and Director, (tel) 416-221-4124 or (email) fvandewater@rogers.com.