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Romios Announces Over-Subscription and Increase of Non-Brokered Offering to $750,000
Toronto, Ontario--(Newsfile Corp. - July 30, 2025) - Romios Gold Resources Inc. (TSXV: RG) ...
About this update from Oreterra Metals Corp.
[{"type":"text","content":"Romios Announces Over-Subscription and Increase of Non-Brokered Offering to $750,000Toronto, Ontario--(Newsfile Corp. - July 30, 2025) - Romios Gold Resources Inc. (TSXV: RG) (OTC Pink: RMIOF) (FSE: D4R) (\"Romios Gold\" or the \"Company\") is pleased to announce that, due to significant demand, the Company has increased the size of the previously announced non-brokered private placement offering (see Press Release dated July 23, 2025) from $500,000 to $750,000. The increased offering will consist of up to 37,500,000 working capital units (\"WC Units\") priced at $0.02 per WC Unit for up to $750,000 (the \"Offering\").The previously announced terms of the WC Units have changed to a three year warrant exercisable at $0.05. 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.All securities issued under the Offering are subject to a four month and one day hold period. The transaction is subject to TSX Venture Exchange approval. No funds from the sale of the WC Units will be used for payments for investor relations activities. Up to 20% of the funds raised may be paid to non-arm's length parties for services provided to the Company following the Closing subject to the availability of funds. The funds from the sale of the WC Units 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 have subscribed for 6,000,000 WC Units for $120,000 (as set out in the Material Change Report filed on July 25, 2025) and insiders may subscribe for a further 1,500,000 WC Units for a total of up to $150,000 of 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 will not exceed 25% of its market capitalization.The securities described herein have not been, and will not be, registered und...