August 03, 2007 Romios Adopts Shareholder Rights Plan
Romios Gold Resources Inc. ("Romios" or "the Corporation") TSXV-RG is pleased to announce that its Board of Directors has adopted a shareholder rights plan (the "Rights Plan") designed to encourage the fair and equal treatment of shareholders in connection with any take-over bid for the outstanding securities of the Company. The Rights Plan provides the Board of Directors with additional time to assess the advantages and disadvantages to any particular offer and to seek out alternative proposals in the best interests of all shareholders.
Romios has not adopted the Rights Plan in response to any specific proposal to acquire control of its outstanding shares. The Rights Plan is similar to plans adopted by other Canadian companies and ratified by their shareholders. It is not the intention of the Rights Plan to entrench management or prevent a change of control of Romios to the detriment of shareholders. The Rights Plan does not apply to take-over bids that meet certain requirements including that the bid be made by way of a take-over bid circular and be left open for at least 60 days so as to ensure that shareholders have an adequate opportunity to assess the merits of the bid.
The Rights Plan has been conditionally accepted by the TSX Venture Exchange subject to obtaining shareholder ratification of the Rights Plan by no later than February 1, 2008. If ratified, the Rights Plan will have an initial term which expires at the annual meeting of shareholders of Romios to be held in 2010, and may be extended for a second term lasting until the annual meeting of shareholders to be held in 2013. A copy of the Rights Plan will be available for viewing on SEDAR at www.sedar.com, and can also be obtained from Romios.
About Romios Gold
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 and Nevada and during 2007, the Corporation plans to undertake extensive exploration work, principally diamond drilling on its Galore Creek properties in British Columbia, which are centrally located between NovaGold's large gold-copper-silver deposit and Barrick's high grade gold mine at Eskay Creek.
For further information, please contact:
Tom Drivas, President and Director 416-221-4124 or 416-218-9772 (fax)
Thomas Skimming, Vice President of Exploration and Director 416-444-0900 or 416-444-0586 (fax)
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Exchange Listings and Symbols: TSXV:RG, NASDAQ OTF:RMIOF, Frankfurt:D4R. Head Office: 25 Adelaide Street East, Suite 1010, Toronto, ON Canada, M5C 3A1 Tel: 416-221-4124, Fax: 416 218-9772 Website: www.romios.com. Contact: Tom Drivas, President Email Address:
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