Business

Romios Proposes Name Change and Share Consolidation, Annual General and Special Meeting Scheduled for January 16, 2026

Toronto, Ontario--(Newsfile Corp. - December 8, 2025) - Romios Gold Resources Inc. (TSXV: R...

articleOreterra Metals Corp.December 8, 20253/company/oreterra-metals-corp/news/romios-proposes-name-change-and-share-consolidation-annual-general-and-special-meeting-scheduled-for-january-16-2026-1
Romios Proposes Name Change and Share Consolidation, Annual General and Special Meeting Scheduled for January 16, 2026

About this update from Oreterra Metals Corp.

[{"type":"text","content":"Romios Proposes Name Change and Share Consolidation, Annual General and Special Meeting Scheduled for January 16, 2026Toronto, Ontario--(Newsfile Corp. - December 8, 2025) - Romios Gold Resources Inc. (TSXV: RG) (OTCID: RMIOF) (FSE: D4R) (\"Romios Gold\" or the \"Company\") is pleased to announce that the Company will be seeking shareholder approval for a proposed name change to \"Oreterra Metals Corp.\" (the \"Name Change\") and a consolidation of the Company's outstanding common shares (the \"Shares\") on the basis of up to a maximum of ten (10) pre-consolidation Shares for one (1) post-consolidation share (the \"Consolidation\") at the discretion of the Board of Directors. Both the Name Change and the Consolidation will be put to a shareholder vote at the Company's forthcoming Annual General and Special Meeting (\"AGSM\") scheduled for January 16, 2026, voting materials for which will be available shortly.Rationale for proposed name change and share consolidationManagement is seeking approval for both steps in keeping with its recent efforts, exhibited in the period since June, to re-establish the Company's market appeal and position it to drill the Trek South, BC copper-gold porphyry prospect in the 2026 field season, which in the view of management offers high potential for building value for shareholders. Planning toward a maiden Trek South drill program is well advanced and an independent National Instrument 43-101 technical report (\"NI 43-101\") is being finalized, including a recommended budget for what is expected to be a multi-phased program. Management has past experience in the same general area of BC with successful exploration drilling programs on major porphyry copper-gold discoveries, and the financial resources required are considerable. Subject to a shareholder vote at the AGSM in favour of the proposed Name Change and the Consolidation, and the approval of the TSX Venture Exchange, management proposes to shortly thereafter undertake a significant financing on terms to be defined, to secure the capital required to execute on the program recommended in the NI 43-101. North American investors generally find it undesirable to invest in early-stage, pre-discovery junior exploration companies that have greatly inflated capital structures. It is therefore management's view, based upon experience and the o...

More updates from Oreterra Metals Corp.