Romios Closes Sale of Timmins Hislop Property to McEwen Mining
Romios Closes Sale of Timmins Hislop Property to
McEwen Mining
Toronto, Ontario--(Newsfile Corp. - June 11, 2018) -
Romios Gold Resources Inc. (TSXV: RG) (OTC Pink: RMIOF) (FSE:
D4R)
("
Romios
" or the "
Company
") is pleased to announce that, further to its Press Release of April 3, 2018, it has sold the
Company's Timmins Hislop property (the "
Roger Gold Property
") in Hislop Township in the Matheson gold camp, Ontario to an
affiliate of McEwen Mining Inc. ("
McEwen
Mining
") for 178,321 common shares of McEwen Mining valued at $500,000. The
common shares of McEwen Mining are subject to a resale restriction until December 8, 2018. Romios retains a 2% net smelter
returns royalty ("
NSR
") in the Roger Gold Property. McEwen Mining will have the right at any time to purchase a 1% NSR from
the Company for $2 million.
A
bout Romios Gold Resources Inc.
Romios Gold Resources Inc., a progressive Canadian mineral exploration company established in 1995, is engaged in precious
and base metal exploration primarily focused on gold, silver and copper in its properties in the Golden Triangle area,
northwestern British Columbia. In addition to the Lundmark-Akow Lake property and a 2% NSR on the Hislop property in
Ontario, Romios has other property interests in Quebec and Nevada.
This News Release contains forward-looking statements which are typically preceded by, followed by or including 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
u
pdate these forward- looking statements and shareholders are cautioned not to put undue reliance on such
statements.
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 contact:
Tom Drivas,
President and Director, (tel) 416-221-4124, (fax) 416-218-9772 or (email)
.
Frank van de Water
, Chief Financial Officer and Director, (tel) 416-221-4124 or (email)
.