Romios Completes FT Unit Offering
01 January 2014 - 9:01AM
Marketwired
Romios Completes FT Unit Offering
TORONTO, ONTARIO--(Marketwired - Dec 31, 2013) - 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.
Romios Gold Resources Inc.Tom DrivasPresident and
Director416-221-4124416-218-9772romios@romios.comRomios Gold
Resources Inc.Frank van de WaterChief Operating Officer and
Director416-869-0772fvandewater@on.aibn.com
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