Romios Closes $600,000 Financing
December 15 2010 - 8:00AM
Marketwired
Romios Gold Resources Inc. ("Romios" or the "Company") (TSX
VENTURE: RG)(OTCBB: RMIOF)(FRANKFURT: D4R) is please to announced
that it has placed 3,000,000 working capital units (the "WC Units")
priced at $0.20 per WC Unit for proceeds of $600,000. Each WC Unit
consists of one (1) common share (the "WC Share") and one-half
(1/2) of a s hare purchase warrant (a "WC Warrant"). Each full WC
Warrant entitles the holder to acquire a further common share of
the Company at a price of $0.30 per common share until the earlier
of: (i) December 15, 2011; and (ii) in the event that the closing
price of the common shares on the TSX Venture Exchange is at least
$0.50 for twenty (20) consecutive trading days, and the 20th
trading day (the "Final Trading Day") is at least four (4) months
from December 15, 2010, the date which is thirty (30) days from the
Final Trading Day.
All of the securities referred to herein are legended and
restricted from trading until April 16, 2011.
The funds will be used for exploration on the Company's
properties and for working capital.
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
undertaking extensive exploration work on 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.
Cautionary Note Regarding Forward-Looking Statements:
This Press Release contains forward-looking statements that
involve risks and uncertainties, which may cause actual results to
differ materially from the statements made. When used in this
document, the words "may", "would", "could", "will", "intend",
"plan", "anticipate", "believe", "estimate", "expect" and similar
expressions are intended to identify forward-looking statements.
Such statements reflect our current views with respect to future
events and are subject to such risks and uncertainties. Many
factors could cause our actual results to differ materially from
the statements made, including those factors discussed in filings
made by us with the Canadian securities regulatory authorities.
Should one or more of these risks and uncertainties, such actual
results of current exploration programs, the general risks
associated with the mining industry, the price of gold and other
metals, currency and interest rate fluctuations, increased
competition and general economic and market factors, occur or
should assumptions underlying the forward looking statements prove
incorrect, actual results may vary materially from those described
herein as intended, planned, anticipated, or expected. We do not
intend and do not assume any obligation to update these
forward-looking statements, except as required by law. Shareholders
are cautioned not to put undue reliance on such forward-looking
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.
Contacts: Romios Gold Resources Inc. Tom Drivas President and
Director 416-221-4124 416-218-9772 (FAX) romios@romios.com Romios
Gold Resources Inc. Mel de Quadros, Ph.D., P.Eng. Director
416-668-6145 fortyholwood@rogers.com Romios Gold Resources Inc.
Michael D'Amico Investor Relations 647-500-6023
Michael@baystreetconnect.com www.romios.com
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