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Romios Announces Non-Brokered Offering and Existing Shareholder Offering
Toronto, Ontario--(Newsfile Corp. - October 19, 2017) - Romios Gold Resources Inc. (TSXV: R...
About this update from Oreterra Metals Corp.
[{"type":"text","content":"Romios Announces Non-Brokered Offering and Existing Shareholder OfferingToronto, Ontario--(Newsfile Corp. - October 19, 2017) - Romios Gold Resources Inc. (TSXV: RG) (OTC Pink: RMIOF) (FSE: D4R) (\"Romios\" or the \"Company\")  is pleased to announce the offering of a non-brokered private placement of up to 8,000,000 flow-through units (the \"FT Units\") for up to $600,000 (the \"FT Offering\") and up to 6,666,666 working capital units (the \"WC Unit\") for up to $400,000 (the \"WC Offering\") for an aggregate of up to $1,000,000 (the \"Offering\"). Proceeds from the offering are expected to be used to advance the exploration program on the Company's promising Burgundy Ridge discovery located in the southern portion of the Newmont Lake Project Area within its large (75,996 hectares/187,786 acres) Golden Triangle Property in northwestern British Columbia, and other properties.Each FT Unit is priced at $0.075 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 $0.12 per Warrant Share until the date which is twelve (12) months following the Closing of the Offering.Each WC Unit is priced at $0.06 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. Eligible Finders may receive up to 7% of the value of proceeds of the sale of FT Units or WC 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 respect of the sale of FT Units (the \"FT Broker Warrants\") entitles the holder to acquire one (1) common share of Romios at $0.075 for a period of twelve (12) months from the Closing of the Offering and each broker warrant issued in respect of the sale of WC Units (the \"WC Broker Warrants\") entitles the holder to acquire one (1) common share of Romios at $0.06 for a period of twelve (12) months from the Closing of the Offering.Existing Shareholder OfferingThe WC Offering will be open to participation by existing shareholders (the \"Existing Shareholder...