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Source: Romios Gold Resources.
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  • Romios Gold Resources (RG) has closed its non-brokered private placement for gross proceeds of $511,000
  • The company issued 5,420,000 flow-through units and 4,800,000 working capital units
  • Units were priced at C$0.05 and consisted of one common share and one half of a share purchase warrant
  • Proceeds from the offering are expected to be used for exploration and drilling of the company’s properties in British Columbia and Ontario
  • Romios Gold Resources Inc. is a Canadian mineral exploration company engaged in precious and base-metal exploration
  • Romios Gold Resources Inc. (RG) opened trading at C$0.04 per share

Romios Gold Resources (RG) has closed its previously announced non-brokered private placement for gross proceeds of $511,000.

The company issued 5,420,000 flow-through units and 4,800,000 working capital units.

Each FT unit, priced at $0.05, consists of one common share and one half of a common share purchase warrant. Each full warrant entitles the holder to purchase one common share at a price of $0.08 until November 4, 2022.

Each working capital unit, priced at $0.05, consists of one common share and one common share purchase warrant. Each WC warrant entitles the holder to purchase one common share at a price of $0.08 until November 4, 2022.

Proceeds from the offering are expected to be used for exploration and drilling of the company’s properties in British Columbia and Ontario as well as for working capital.

All securities issued are subject to a statutory hold period expiring on March 5, 2022.

Romios Gold Resources Inc. is a Canadian mineral exploration company engaged in precious and base-metal exploration, focused primarily on gold, copper and silver. It has a 100% interest in the Lundmark-Akow Lake gold-copper property in northwestern Ontario and extensive claim holdings covering several significant porphyry copper-gold prospects in the “Golden Triangle” of British Columbia.

Romios Gold Resources Inc. (RG) opened trading at C$0.04 per share.

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