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Romios Announces $200,000 Non-Brokered Offering
Toronto, Ontario--(Newsfile Corp. - December 23, 2022) - Romios Gold Resources Inc.  ...
About this update from Oreterra Metals Corp.
[{"type":"text","content":"Romios Announces $200,000 Non-Brokered OfferingToronto, Ontario--(Newsfile Corp. - December 23, 2022) - Romios Gold Resources Inc.  (TSXV: RG) (OTCQB: RMIOF) (FSE: D4R) (\"Romios\" or the \"Company\") is pleased to announce the offering of a non-brokered private placement of up to 5,000,000 flow-through units (the \"FT Units\") for up to $200,000 (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 the date which is twenty-four (24) months following the Closing of the Offering.Eligible Finders may receive up to 6% of the value of proceeds on the sale of the FT Units in cash and up to 6% of the number of FT Units sold in the form of compensation warrants. Each compensation warrant (\"Compensation Warrants\") issued in relation to the sale of FT Units entitles the holder to acquire one (1) common share of the Company at a price of $0.08 for twenty-four (24) months from the Closing of the Offering.Funds will be used for exploration of the Company's properties in BC. All securities issued under the Offering are subject to a statutory four month hold period. The Offering is scheduled to close before the end of December and is subject to certain conditions including, but not limited to, TSX Venture Exchange approval.Insiders of the Company may subscribe for up to $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 coppe...