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Romios Announces Closing of $208,000 Non-Brokered Offering
Toronto, Ontario--(Newsfile Corp. - December 30, 2022) - Romios Gold Resources Inc.  (TSXV...
About this update from Oreterra Metals Corp.
[{"type":"text","content":"Romios Announces Closing of $208,000 Non-Brokered OfferingToronto, Ontario--(Newsfile Corp. - December 30, 2022) - Romios Gold Resources Inc. (TSXV: RG) (OTCQB: RMIOF) (FSE: D4R)  (\"Romios\" or the \"Company\") is pleased to announce that, further to its Press Release of December 23, 2023, it has closed its non-brokered private placement on the increased amount of 5,200,000 flow-through units (the \"FT Units\") for $208,000 (the \"Offering\").Each FT Unit is priced at $0.04 and consists of one (1) common share and one (1) share purchase warrant (a \"Warrant\"). Each Warrant entitles the holder to purchase one (1) common share (a \"Warrant Share\") at a price of $0.08 per Warrant Share until December 30, 2024.Qwest Investment Fund Management Ltd. was paid $9,000 in cash and issued 225,000 compensation warrants (\"Compensation Warrants\"). Each Compensation Warrant entitles the holder to acquire one (1) common share of the Company at a price of $0.08 until December 30, 2024. Funds will be used for exploration of the Company's properties in BC. All securities issued under the Offering are subject to a statutory hold period expiring on May 1, 2023.Insiders of the Company subscribed for $50,000 of FT Units under the Offering. The insider private placements are exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 (\"MI 61-101\") by virtue of the exemptions contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company which will be issued to the insiders does not exceed 25% of its market capitalization.About Romios Gold Resources Inc.Romios Gold Resources Inc. is a progressive Canadian mineral exploration company engaged in precious- and base-metal exploration, focused primarily on gold, copper and silver. It has a 100% interest in the Lundmark-Akow Lake Au-Cu property plus 4 additional claim blocks in northwestern Ontario and extensive claim holdings covering several significant porphyry copper-gold prospects in the \"Golden Triangle\" of British Columbia. Additional interests include the Kinkaid claims in Nevada covering numerous Au-Ag-Cu workings and two former producers: the Scossa mine property (Nevada) which is a former high-grade gold producer and the La Corne molybdenum mine ...