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Message: Closing of $1,647,000 Flow-Through Offering With MineralFields Group and Insider
| December 31, 2008 |
| Romios Announces Closing of $1,647,000 Flow-Through Offering With MineralFields Group and Insiders |
| TORONTO, ONTARIO--(Marketwire - Dec. 31, 2008) - Romios Gold Resources Inc. (TSX VENTURE:RG)(OTCBB:RMIOF)(FRANKFURT:D4R) wishes to announce that, further to its press release dated December 12, 2008, it has completed the sale of 10,980,000 common shares on a flow-through basis (the "FT Shares") priced at $0.15 per FT Share for gross proceeds of $1,647,000 (the "FT Offering"). A total of 10,000,000 of the FT Shares were placed with the MineralFields Group. Limited Market Dealer Inc. received 483,333 common shares priced at $0.15 per share as a finder's fee and 733,333 share purchase warrants to acquire common shares at a price of $0.15 per share for a period of two (2) years from closing expiring on December 23, 2010 with respect to the placement with the MineralFields Group. A further 980,000 FT Shares were placed with insiders of the Corporation. The Corporation has also completed the issuance of 180,000 units (the "Units") priced at $0.13 per Unit with each Unit consisting of one common share (the "Share") and one-half of a share purchase warrant (a "Warrant") with each full Warrant entitling the holder to acquire a further share at a price of $0.30 per Share until December 30, 2009 for gross proceeds of $23,400 to insiders of the Corporation. All of the securities referred to herein will bear a legend and be restricted from trading until at least April 24, 2009. Funds will be used for the 2009 drilling and exploration program on Romios' Canadian exploration properties, primarily the British Columbia properties. "We are very pleased with the new investment by the MineralFields Group" said Tom Drivas, President and CEO of Romios. "This is an important milestone in the growth of the Corporation and we look forward to working with MineralFields Group as we develop our holdings in British Columbia and Ontario." This is the third financing that MineralFields Group has completed with the Corporation in as many years. |
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