MineralFields Group buys two types of units in non-brokered offering
By Devika Patel
Knoxville, Tenn., July 28 - Romios Gold Resources Inc. said it completed a C$3.25 million tranche of a C$5.24 million non-brokered private placement of units. The MineralFields Group was the investor.
The company sold 4,999,997 flow-through units of one flow-through common share and one half-share warrant at C$0.60 per unit and 480,769 working capital units of one common share and one warrant at C$0.52 per unit.
Each whole warrant is exercisable at C$1.00 for one year. The strike price reflects an 85.19% premium to the July 27 closing share price of C$0.54.
The company may sell another 3,819,231 working capital units for an additional C$1.99 million.
Limited Market Dealer Inc. was a finder.
Proceeds will be used for exploration on the company's properties and for working capital.
Romios is a precious metal exploration company based in Toronto.
| Issuer: | Romios Gold Resources Inc.
|
| Issue: | Flow-through units of one flow-through common share and one half-share warrant, working capital units of one common share and one warrant
|
| Amount: | C$5,236,000
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$1.00
|
| Agent: | Non-brokered
|
| Investor: | MineralFields Group
|
| Settlement date: | July 28 (for C$3.25 million)
|
| Stock symbol: | TSX Venture: RG
|
| Stock price: | C$0.54 at close July 27
|
| Market capitalization: | C$76.65 million
|
|
|
| Flow-through units
|
| Amount: | C$3 million
|
| Units: | 4,999,997
|
| Price: | C$0.60
|
| Warrants: | One half-share warrant per unit
|
|
|
| Working capital units
|
| Amount: | C$2,236,000
|
| Units: | 4.3 million (480,769 in first tranche)
|
| Price: | C$0.52
|
| Warrants: | One warrant per unit
|
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