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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Romios Gold Resources Inc | TSXV:RG | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.01 | 0.01 | 0.015 | 0 | 00:00:00 |
Romios Gold Resources Inc. (TSX VENTURE:RG)(PINKSHEETS:RMIOF)(FRANKFURT:D4R) ("Romios" or the "Company") is pleased to announce that it closed a non-brokered flow-through unit private placement to raise proceeds of $80,000 (the "Offering") to provide it with additional exploration capital. Romios has approximately $1,100,000 of unallocated funds on hand. Romios placed 1,600,000 flow-through units of the Company at a price of $0.05 per flow-through unit. Each flow-through unit (a "FT Unit") consisted of one flow-through common share of the Company and one (1) non flow-through share purchase warrant (a "Warrant"). Each Warrant entitles the holder to acquire an additional common share for one (1) year from the closing of the Offering at a price of $0.05. Insiders of the Company subscribed for 100% 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 contain in section 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 to be issued to the insiders does not exceed 25% of its market capitalization. All securities issued pursuant to the above referenced private placements are subject to a statutory four month hold period expiring on May 1, 2014 and regulatory approval. About Romios Gold Resources Inc. Romios Gold Resources Inc., a progressive Canadian mineral exploration company established in 1995, is headquartered in Toronto and is actively engaged in precious and base metal exploration across North America with a primary focus on gold, silver and copper. Romios has significant property interests in British Columbia, Ontario, Quebec and Nevada. The Company is actively exploring its Galore Creek area properties in British Columbia, which are centrally located between Galore Creek Mining Corporation's large copper-gold-silver deposit and Barrick's high grade gold mine at Eskay Creek. 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: Romios Gold Resources Inc. Tom Drivas President and Director 416-221-4124 416-218-9772 (FAX) romios@romios.com Romios Gold Resources Inc. Frank van de Water Chief Operating Officer and Director 416-869-0772 fvandewater@on.aibn.com
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