Romios Announces $500,000 Non-Brokered Offering

Core Viewpoint - Romios Gold Resources Inc. is initiating a non-brokered private placement to raise up to $500,000 through the sale of working capital units priced at $0.02 each [1][3]. Group 1: Private Placement Details - The offering consists of up to 25 million working capital units, each unit comprising one common share and one warrant [1][2]. - The warrants allow holders to purchase additional common shares at $0.05 for two years post-closing and at $0.06 until the third anniversary of closing [2]. Group 2: Use of Funds - Funds raised will be allocated for exploration and general working capital, with $50,000 specifically designated to maintain properties in Nevada [3]. - No funds will be used for investor relations activities, and up to 20% of the raised funds may be paid to non-arm's length parties for services [3]. Group 3: Insider Participation - Two insiders have subscribed for 5,500,000 units for $110,000, with the potential for an additional subscription of 2,000,000 units, totaling up to $150,000 [4]. - The insider placements are exempt from certain valuation and minority shareholder approval requirements due to the low market capitalization impact [4]. Group 4: Company Overview - Romios Gold Resources Inc. is focused on mineral exploration, primarily in gold, copper, and silver, holding interests in various properties across Canada and Nevada [6]. - The company has significant holdings in the "Golden Triangle" of British Columbia and former producing properties in Nevada [6].