Romios Closes $500,000 Flow-Through Offering
Romios Closes $500,000 Flow-Through
Offering
Toronto, Ontario--(Newsfile Corp. - December 16, 2021) -
Romios Gold Resources Inc.
(TSXV: RG)
(OTCQB: RMIOF) (FSE: D4R)
("Romios Gold" or the "Company")
is pleased to announce that it
has closed a non-brokered private placement private placement of 8,333,334 flow-through units (the "
FT
Units"
) for gross proceeds of $500,000.
Each FT Unit is priced at $0.06 and consists of one (1) common share and one half (1/2) of a common
share purchase warrant. Each full warrant (a "
Warran
t") entitles the holder to purchase one (1) common
share (a "
Warrant Share
") at a price of $0.10 per Warrant Share until December 15, 2022.
Quest Investment Fund Management Ltd. was paid $35,000 in cash and issued 583,333 compensation
warrants ("
Compensation Warrants
"). Each Compensation Warrant entitles the holder to acquire one
(1) common share of the Company at a price of $0.06 until December 15, 2022.
"Funding from this placement will be earmarked as part of a larger planned geophysics and drilling
program in 2022 on the Trek North and South claims in the Golden Triangle of BC," stated Stephen
Burega, President.
"The Trek South zone is quickly becoming a priority target, and plans are being
developed to advance the Company's understanding of this recently announced >1 km wide zone of
porphyry-style alteration and veinlet-hosted Copper-Gold-Silver (Cu-Au-Ag) mineralization."
All securities issued are subject to a statutory hold period expiring on April 16, 2022.
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 gold-copper property in northwestern Ontario and extensive claim
holdings covering several significant porphyry copper-gold prospects in the "Golden Triangle" of British
Columbia. Additional interests include two former producers, the La Corne molybdenum mine property
(Quebec) and a former high-grade gold producer, the Scossa mine property (Nevada). The Company
also retains an ongoing interest in several properties including a 20% carried interest in five claim blocks
in the Thunder Bay silver district of northwestern Ontario and a 2% NSR on the Hislop gold property in
Ontario.
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.
For further information, please visit
romios.com
or contact:
Stephen Burega
, President - (647) 515-3734 or
Frank van de Water
, Chief Financial Officer and Director - (416) 221-4124
or
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/107826