Romios Announces Closing of Non-Brokered Flow-Through Offering for $50,000
Romios Announces Closing of Non-Brokered
Flow-Through Offering for $50,000
NOT FOR DISSEMINATION, DISTRIBUTION, RELEASE, OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
Toronto, Ontario--(Newsfile Corp. - December 30, 2024) -
Romios Gold Resources Inc. (TSXV: RG)
(OTCQB: RMIOF) (FSE: D4R)
("Romios Gold" or the "Company")
is pleased to announce that,
further to its press release of December 23, 2024, it completed a non-brokered private placement of
1,666,667 flow-through units ("
FT Units
") priced at $0.03 per FT Unit for $50,000 (the "
Offering
").
Each FT Unit consists of one (1) flow-through Common Share ("
FT Share
") priced at $0.03 per FT
Share and one (1) common share purchase warrant (a "
Warrant")
with each Warrant entitling the holder
to acquire one (1) common share of the Company (a "
Warrant Share")
at a price of $0.05 until the
earlier of (i) December 27, 2029 (the "
Closing");
and (ii) in the event that the closing price of the
Common Shares on the TSX Venture Exchange is at least $0.075 for ten (10) consecutive trading days,
and the 10th trading day (the "
Final Trading Day")
is at least four (4) months from the Closing, the date
which is thirty (30) days from the Final Trading Day (the "
Trigger Date").
The gross proceeds from the Offering will be used for Canadian Exploration Expenses (within the
meaning of the Income Tax Act (Canada) (the "
Tax Act
")) which qualify as a "flow-through mining
expenditure" for purposes of the Tax Act related to the exploration program of the Company to be
conducted on the Company's properties located in British Columbia. The Company will renounce such
Canadian Exploration Expenses with an effective date of no later than December 31, 2024.
An eligible finder was paid $3500 and issued 150,000 broker warrants. Each broker warrant entitles the
holder to acquire one (1) common share of the Company at a price of $0.05 until the earlier of (i)
December 27, 2029; and (ii) the Trigger Date.
Funds will be used for exploration. All securities issued under the Offering are subject to a hold period
expiring on April 28, 2025. No funds from the sale of the FT Units will be used for payments to non-arm's
length parties or for investor relations activities. The funds from the sale of the FT Units will be allocated
for exploration on the Company's properties in British Columbia.
The securities described herein have not been, and will not be, registered under the United States
Securities Act of 1933, as amended (the "
U.S. Securities Act
"), or any state securities laws, and
accordingly, may not be offered or sold within the United States except in compliance with the
registration requirements of the U.S. Securities Act and applicable state securities requirements or
pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation
to buy any securities in any jurisdiction.
About Romios Gold Resources Inc.
Romios Gold Resources Inc. is a progressive Canadian mineral exploration company engaged in
precious- and base-metal exploration, focused primarily on gold, copper and silver. It has a 100%
interest in the Lundmark-Akow Lake Au-Cu property plus 4 additional claim blocks in northwestern
Ontario and extensive claim holdings covering several significant porphyry copper-gold prospects in the
"Golden Triangle" of British Columbia. Additional interests include the Kinkaid claims in Nevada
covering numerous Au-Ag-Cu workings, and the Scossa mine property in Nevada which is a former
high-grade gold producer.
The Company retains an ongoing interest in several properties including a 2%
NSR on McEwen Mining's Hislop gold property in Ontario; a 2% NSR on Enduro Metals' Newmont Lake
Au-Cu-Ag property in BC, and the Company has signed a definitive agreement with Copperhead
Resources Inc. ("Copperhead") whereby Copperhead can acquire a 75% ownership interest in Romios'
Red Line Property in BC.
For more information, visit
www.romios.com
.
As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have
several communication portals. If you have any questions online (
,
,
) please
feel free to send direct messages.
To book a one-on-one 30-minute Zoom video call, please
click here
.
For further information, please contact:
Stephen Burega, CEO & President - 647-515-3734 or
John Biczok, P. Geo., VP Exploration - 613-410-7877 or
This News Release contains forward-looking statements which are typically preceded by, followed by
or include the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar
expressions. Forward-looking statements are not guarantees of future performance as they involve
risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update
these forward-looking statements and shareholders are cautioned not to put undue reliance on such
statements. TSX Venture Exchange or its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) do not accept responsibility for the adequacy or accuracy of
this release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/235613