Romios Announces Closing of Over-Subscribed and Upsized Non-Brokered Offering of $750,000

Core Viewpoint - Romios Gold Resources Inc. has successfully completed an oversubscribed private placement, raising $750,000 through the issuance of 37,500,000 units, reflecting market confidence in the company's copper-gold properties in British Columbia [1][3]. Group 1: Private Placement Details - The private placement consists of units priced at $0.02 each, with each unit including one common share and one warrant to purchase an additional share at $0.05 for three years [1][2]. - The offering was oversubscribed, indicating strong investor interest and confidence in the company's future prospects [1][3]. - Eligible finders received $17,225 in cash and 640,000 broker warrants, which also allow for the purchase of shares at $0.05 for three years [3]. Group 2: Use of Proceeds - Funds from the offering will be allocated for the maintenance and exploration of properties in Nevada and British Columbia, as well as for general working capital [5]. - No funds will be used for investor relations activities, and up to 15% may be paid to non-arm's length parties for services provided [5]. Group 3: Insider Participation - Four insiders subscribed for 6,700,000 units, totaling $134,000, which is exempt from certain regulatory requirements due to the low market capitalization impact [6]. Group 4: Company Overview - Romios Gold Resources Inc. is focused on mineral exploration, particularly in gold, copper, and silver, holding significant properties in British Columbia's "Golden Triangle" and former producers in Nevada [8]. - The company is preparing for an exploration season at its Trek prospect, which is drill-ready and considered one of the best new porphyry prospects in the province [8].