Romios Gold closes $550,000 first tranche of financing

Oct 3, 2018

2018-10-02 10:45 ET – News Release

Mr. Tom Drivas reports

ROMIOS ANNOUNCES $555,000 FIRST CLOSING OF NON-BROKERED OFFERING

Further to its press release of Sept. 26, 2018, Romios Gold Resources Inc. has closed the first tranche of its non-brokered private placement with the sale of 1.3 million flow-through units at a price of 10 cents per flow-through unit for $130,000 and 5,312,500 working capital units at a price of eight cents per working capital unit for $425,000 for aggregate proceeds of $555,000. The securities issued are subject to a statutory hold period expiring on Feb. 3, 2019.

Proceeds from the offering are expected to be used to advance the exploration program on the numerous copper-gold-silver prospects within the company’s large (72,368 hectares/178,825 acres) Golden Triangle property in northwestern British Columbia as well as other properties and for working capital.

Each flow-through unit is priced at 10 cents and consists of one common share and one-half of a share purchase warrant. Each full warrant entitles the holder to purchase one common share at a price of 18 cents per warrant share until the date that is 12 months following the closing of the offering.

Each working capital unit is priced at eight cents and consists of one common share and one common share purchase warrant. Each working capital warrant entitles the holder to purchase one common share at a price of 12 cents per working capital warrant share until the date that is 12 months following the closing of the offering.

The offering will remain open until the earlier of the sale of the remaining 5,387,500 units and Oct. 31, 2018.

About Romios Gold Resources Inc.

Romios Gold, a progressive Canadian mineral exploration company established in 1995, is engaged in precious metal and base metal exploration primarily focused on gold, silver and copper on its properties in the Golden Triangle area in northwestern British Columbia. In addition to the properties in the Golden Triangle area, Romios holds a 100-per-cent interest in the Lundmark-Akow Lake property in Ontario, the LaCorne property in Quebec and the Scossa property in Nevada. It also holds a 2-per-cent net smelter return royalty on the Hislop property in Ontario.

We seek Safe Harbor.

http://www.romios.com/s/NewsReleases.asp