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Romios Announces Closing of Over-Subscribed and Upsized Non-Brokered Offering of $750,000
Toronto, Ontario--(Newsfile Corp. - August 19, 2025) - Romios Gold Resources Inc. (TSXV: RG...
About this update from Oreterra Metals Corp.
[{"type":"text","content":"Romios Announces Closing of Over-Subscribed and Upsized Non-Brokered Offering of $750,000Toronto, Ontario--(Newsfile Corp. - August 19, 2025) - Romios Gold Resources Inc. (TSXV: RG) (OTC Pink: RMIOF) (FSE: D4R) (\"Romios Gold\" or the \"Company\") is pleased to announce that, further to its press releases of July 23, 2025 and July 30, 2025, it has completed its oversubscribed and upsized private placement of 37,500,000 units (\"WC Units\") priced at $0.02 per WC Unit for gross proceeds of $750,000 (the \"Offering\").Each WC Unit comprises one (1) common share of the Company priced at $0.02 and one full common share purchase warrant (a \"WC Warrant\") entitling the holder to acquire one (1) common share at a price of $0.05 until three (3) years following the closing of the Offering.\"The success of this financing reflects market recognition that Romios owns several promising copper-gold porphyry properties in the province of British Columbia, and that the steps now being taken to reinvigorate Romios will enable the Company to capitalize on those assets for the benefit of shareholders,\" said Kevin M. Keough, CEO. \"I would like to thank those shareholders both old and new from both sides of the Atlantic who have shown confidence in us, as we prepare for an exciting exploration season at our Trek prospect in the year ahead.\"Eligible finders were paid $17,225 in cash and issued 640,000 broker warrants. Each broker warrant entitles the holder to acquire one (1) common share of the Company at a price of $0.05 until three (3) years following the closing of the Offering.All securities issued under the Offering are subject to a hold period expiring December 16, 2025.No funds from the Offering will be used for payments for investor relations activities. Up to 15% of the funds from the Offering will be paid to non-arm's length parties for services provided to the Company following the Closing for the next six months. The funds from the Offering will be allocated to the maintenance and exploration of the Company's properties in Nevada and British Columbia and for general working capital. Four insiders of the Company subscribed for 6,700,000 WC Units for $134,000. The insider private placements are exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 (\"MI 61-101\") by vi...