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Romios Gold Resources Announces $500,000 Non-Brokered Offering
Toronto, Ontario--(Newsfile Corp. - October 7, 2021) - Romios Gold Resources Inc. (TSXV: RG) (OTCQB: RMIOF) (FSE: D4R) ("Romios" or the "Company") is pleased to
About this update from Oreterra Metals Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - October 7, 2021) - 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 10,000,000 flow-through units (the \"FT Units\") for up to $500,000 or up to 10,000,000 working capital units (the \"WC Units\") for up to $500,000 or a combination thereof to a maximum of 10,000,000 units (the \"Offering\"). Each FT Unit is priced at $0.05 and consists of one (1) common share and one-half (0.5) of a share purchase warrant. Each full warrant (a \"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 twelve (12) months following the Closing of the Offering. Each WC Unit is priced at $0.05 and consists of one (1) common share and one (1) common share purchase warrant (a \"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 twelve (12) following the Closing of the Offering. Eligible Finders may receive up to 6% of the value of proceeds on the sale of the WC Units and FT Units in cash and up to 6% of the number of FT Units or WC Units sold in the form of broker warrants. Each broker warrant (\"Broker Warrants\") issued in relation to the sale of FT Units or WC Units entitles the holder to acquire one (1) common share of the Company at a price of $0.05 for twelve (12) 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 Offering is scheduled to close before the end of October and is subject to certain conditions including, but not limited to, TSX Venture Exchange approval. Insiders of the Company will subscribe for up to $130,000 of FT Units and $25,000 of WC 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...