Source: Romios Gold Resources.
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  • Romios Gold (RG) is seeking to raise up to C$500,000 through a non-brokered private placement
  • The company will employ the funds for exploration and working capital
  • The offering is scheduled to close before the end of October 2021
  • Romios Gold is engaged in precious and base-metal exploration focused primarily on gold, silver and copper
  • Romios Gold (RG) is up by 28.57 per cent and is currently trading at $0.045 per share

Romios Gold (RG) is seeking to raise up to C$500,000 through a non-brokered private placement.

The company will offer up to 10,000,000 flow-through units, up to 10,000,000 working capital units, or a combination thereof to a maximum of 10,000,000 units.

Each flow-through unit is priced at $0.05 and consists of one common share and one-half of one share purchase warrant.

Each flow-through warrant entitles the holder to purchase one common share for $0.08 until twelve months following the closing of the offering.

Each working capital unit is priced at $0.05 and consists of one common share and one common share purchase warrant.

Each working capital warrant entitles the holder to purchase one common share for $0.08 until twelve months following the closing of the offering.

Romios will employ the funds for exploration and working capital.

Company insiders will subscribe for up to $130,000 in flow-through units and $25,000 in working capital units.

The offering is scheduled to close before the end of October 2021.

Romios Gold is engaged in precious and base-metal exploration focused primarily on gold, silver and copper.

Romios Gold (RG) is up by 28.57 per cent and is currently trading at $0.045 per share as of 12:59 pm ET.

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