Romios Receives $500,000 Option Payment and Minimum $3,000,000 Exploration Commitment on Newmont Lake in 2019
Romios Receives $500,000 Option Payment and Minimum
$3,000,000 Exploration Commitment on Newmont Lake in
2019
Toronto, Ontario--(Newsfile Corp. - April 1, 2019) -
Romios Gold Resources Inc.
(TSXV: RG) (OTC Pink: RMIOF) (FSE:
D4R)
("Romios" or the "Company")
today announced that, further to its news release of March 22, 2019, Crystal Lake Mining
Corp. ("
CLM
") has paid the Company a $500,000 option payment and provided confirmation that it has funding in place to
finance its binding commitment to incur expenditures of at least $3 million on Romios' Newmont Lake Property ("
Newmont
Lake
") on or before September 20, 2019 pursuant to the terms of the option agreement between Romios and CLM (the
"Definitive Agreement"
). Further particulars of the Definitive Agreement are set out in the March 22, 2019 news release.
About 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 on its properties in the Golden Triangle area,
northwestern British Columbia. In addition to the properties in the Golden Triangle area, Romios holds a 100% interest in the
Lundmark-Akow Lake property in Ontario, the LaCorne Property in Quebec and the Scossa Property in Nevada. It also holds a
2% Net Smelter Return Royalty on the Hislop property in Ontario.
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 update 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)
.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/43799