- Press Releases
|TORONTO, ONTARIO - April 3, 2006 - Romios Gold Resources Inc. ("Romios" or "the Corporation) (TSX VENTURE:RG) is pleased to announce that on March 31, 2006 it closed a non-brokered private placement consisting of 4,000,000 working capital units priced at $0.17 per unit for gross proceeds of $680,000. Each working capital unit consisted of one (1) common share and one (1) share purchase warrant with each warrant (a "Warrant") entitling the holder to acquire an additional common share at a price of $0.25 per share until the earlier of: (i) the date which is twelve (12) months following the closing; and (ii) in the event that the closing price of the Common Shares on the TSX Venture Exchange is at least $0.50 for ten (10) consecutive trading days, and the 10th trading day (the "Final Trading Day") is at least four (4) months from the Closing Date, the date which is thirty (30) days from the Final Trading Day.|
The proceeds of the private placement will be used to fund further exploration on the Corporation's properties in the Galore Creek area in north-western British Columbia, its Scossa Project in north central Nevada and for working capital purposes.
The securities issued on this transaction are legended and restricted from trading until August 1, 2006.
After giving effect to this transaction, the outstanding capital of the Corporation will be 32,365,990 common shares.
The Corporation also wishes to announce that Carl von Einsiedel has resigned as a director of Romios to focus on his geological consulting business and will continue to provide geological consulting services to the Corporation.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Romios Gold Resources Inc.
President and Director
(416) 218-9772 (FAX)
You can view the Next News Releases item: April 4, 2006, Romios Announces Appointment of Investor Relations Consultant
You can view the Previous News Releases item: March 13, 2006, Romios Announces Stock Option Grants
You can return to the main News Releases page, or press the Back button on your browser.