Romios Gold Applies to Extend November and December 2021 Warrants
Romios Gold Applies to Extend November and
December 2021 Warrants
Toronto, Ontario--(Newsfile Corp. - October 20, 2022) -
Romios Gold Resources Inc.
(TSXV: RG)
(OTCQB: RMIOF) (FSE: D4R)
("Romios Gold" or the "Company")
wishes to announce that it will
make an application to the TSX Venture Exchange ("
TSXV
") to extend the expiry dates of certain
warrants as set out in more detail below.
The Company will make an application to the TSXV to extend 7,510,000 warrants (the "
November
Warrants
"), exercisable at $0.08 until November 4, 2022, issued pursuant to the private placement
financing which closed on November 4, 2021,
for a period of one (1) year
, from the original expiry date
to expire November 4, 2023. There has been no change in the exercise price.
The Company will also make an application to the TSXV to extend 4,166,667 warrants (the "
December
Warrants
"), exercisable at $0.10 until December 15, 2022, issued pursuant to the private placement
financing which closed on December 15, 2021,
for a period of one (1) year
, from the original expiry
date to expire December 15, 2023. There has been no change in the exercise price.
The amendment to the expiry dates of the November Warrants and December Warrants is subject to
TSXV acceptance.
Six (6) insiders of the Company were issued an aggregate of 1,850,000 November Warrants. The
extension of the expiry date of the November Warrants for the insiders is 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 insiders' November Warrants does not exceed 25% of its market capitalization.
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 two former producers: the Scossa mine property (Nevada)
which is a former high-grade gold producer and the La Corne molybdenum mine property (Quebec). The
Company retains an ongoing interest in several properties including a 20% carried interest in five of
Honey Badger Mining's claim blocks in the Thunder Bay silver district of northwestern Ontario; 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 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, President and CEO - 647-515-3734 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/141270