Romios Announces Closing of $307,252 Non-Brokered Offering

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Toronto, Ontario--(Newsfile Corp. - October 30, 2023) - Romios Gold Resources Inc. (TSXV: RG) (OTCQB: RMIOF) (FSE: D4R) ("Romios" or the "Company") is pleased to announce that, further to its Press Release of September 18, 2023, it has closed its non-brokered private placement with the sale of 4,266,699 flow-through units (the "FT Units") and 5,975,033 working capital units (the "WC Units") for gross proceeds of $307,251.96 (the "Offering").

Each FT Unit is priced at $0.03 and consists of one (1) common share and one-half (0.5) share purchase warrant (a "FT Warrant"). Each full FT Warrant entitles the holder to purchase one (1) common share (a "FT Warrant Share") at a price of $0.05 per FT Warrant Share until October 27, 2025.

Each WC Unit is priced at $0.03 and consists of one (1) common share and one (1) share purchase warrant (a "WC Warrant"). Each WC Warrant entitles the holder to purchase one (1) common share (a "WC Warrant Share") at a price of $0.05 per WC Warrant Share until October 27, 2025.

Accilent Capital Management Inc. was paid $3,500.07 in cash and issued 116,669 compensation warrants ("Compensation Warrants"). Each Compensation Warrant entitles the holder to acquire one (1) common share of the Company at a price of $0.05 per share until October 27, 2025.

Funds will be used for exploration of the numerous Copper-Gold-Silver prospects at the Company's 'Golden Triangle' Properties in northwestern British Columbia, including the Trek South Property located along the southern border of the giant Galore Creek project co-owned by Newmont and Teck, as well as its Lundmark-Akow Lake Au-Cu property in Ontario and its Kinkaid Gold-Silver-Copper property in Nevada, and for working capital. All securities issued under the Offering are subject to a statutory hold period expiring on February 28, 2024.

Insiders of the Company subscribed for 2,199,999 FT Units for $65,999.97 and 875,000 WC Units for $26,250 under the Offering, for aggregate participation of $92,250. 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 contained in sections 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 which were issued to the insiders does not exceed 25% of its market capitalization.

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