Romios Announces Over-Subscription and Increase of Non-Brokered Offering to $750,000
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) (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 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. The Company holds
a 100% interest in the Lundmark-Akow Lake Au-Cu property plus four additional claim blocks in
northwestern Ontario and extensive claim holdings covering several wholly-owned porphyry copper-gold
prospects in British Columbia's "Golden Triangle", the most significant of which is the near road-
accessible, drill-ready Trek South prospect, considered by many among the best new-to-science,
undrilled porphyry prospects in the province. Additional interests include two former producers in
Nevada: the Kinkaid claims in the Walker Lane Trend covering numerous shallow Au-Ag-Cu workings
over what is believed to be one or more porphyry centres, and the Scossa mine property in the Sleeper
Trend 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, please
click here
for Romios' website.
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. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or
accuracy of this release.
For further information, please contact:
Kevin M. Keough, CEO
- (613) 219-9317 or
Stephen Burega, President
- (647) 515-3734 or
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https://www.newsfilecorp.com/release/260643