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Romios Announces Non-Brokered Offering

Toronto, Ontario--(Newsfile Corp. - September 18, 2023) - Romios Gold Resources Inc.  (TSX...

articleOreterra Metals Corp.September 18, 20234/company/oreterra-metals-corp/news/romios-announces-non-brokered-offering
Romios Announces Non-Brokered Offering

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[{"type":"text","content":"Romios Announces Non-Brokered OfferingToronto, Ontario--(Newsfile Corp. - September 18, 2023) - 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 12,500,000 flow-through units (the \"FT Units\") priced at $0.03 per FT Unit, for up to $375,000 and up to 12,500,000 working capital units (the \"WC Unit\") priced at $0.03 per WC Unit, for up to $375,000 (the \"Offering\").Proceeds from the offering are expected to be used for exploration of the numerous Copper-Gold-Silver prospects at the Company's 'Golden Triangle' Properties in northwestern British Columbia, including the Trek South Property located along the southern border of the giant Galore Creek project co-owned by Newmont and Teck, as well as its Lundmark-Akow Lake Au-Cu property in Ontario and its Kinkaid Gold-Silver-Copper property in Nevada, and for working capital.Each FT Unit is priced at $0.03 and consists of one (1) flow-through common share and one-half (0.5) of a common share purchase warrant. Each full warrant (\"FT Warrant\") entitles the holder to purchase one (1) common share (a \"FT Warrant Share\") at a price of $0.05 per FT Warrant Share until the date which is twenty-four (24) months following the Closing of the Offering.Each WC Unit is priced at $0.03 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 $0.08 per WC Warrant Share until the date which is twenty-four (24) months following the Closing of the Offering. Eligible Finders may receive up to 7% of the value of proceeds on the sale of the WC Units and FT Units in cash and up to 7% of the number of FT Units or WC Units sold in the form of broker warrants. Each broker warrant issued in relation to the sale of FT Units and WC Units (\"Broker Warrants\") entitles the holder to acquire one (1) common share of the Company at a price of $0.05 for twenty-four (24) months from the closing of the Offering.Funds will be used for exploration and working capital. All securities issued under the Offering are subject to a statutory four month hold period. The transaction is subject to TSX Venture Exchange approval. No funds fr...

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