Business
Romios Gold Resources Announces Non-Brokered Offering
Toronto, Ontario--(Newsfile Corp. - July 21, 2023) - Romios Gold Resources Inc. (TSXV: RG) (OTCQB: RMIOF) (FSE: D4R) ("Romios" or the "Company") is pleased to a
About this update from Oreterra Metals Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - July 21, 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 7,500,000 flow-through shares (the \"FT Shares\") priced at $0.05 per FT Share, for up to $375,000 and up to 9,375,000 working capital units (the \"WC Unit\") priced at $0.04 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 Newmont Lake Project within its large (72,368 hectares/178,825 acres) Golden Triangle Property in northwestern British Columbia, including the Trek South Property, 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 Share is priced at $0.05 and is issued on a flow-through basis. Each WC Unit is priced at $0.04 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 Shares in cash and up to 7% of the number of FT Shares or WC Units sold in the form of broker warrants. Each broker warrant issued in relation to the sale of FT Shares and WC Units (\"Broker Warrants\") entitles the holder to acquire one (1) common share of the Corporation 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 from the sale of WC Units will be used for payments to non-arm's length parties or for investor relations activities. The funds from the sale of the WC Units will be allocated as to 80% for exploration of the Company's property in Nevada and 20% for general working capital. Insiders of the Company may subscribe for up to 25% of the Offering. The insider private p...