Romios Announces Closing of First Tranche of Flow-Through Offering and Working Capital Offering

- July 7th, 2010

Romios Gold Resources Inc.(TSX VENTURE:RG)(OTCBB:RMIOF)(FRANKFURT:D4R) announced that it has placed 5,066,667 units on a flow-through basis priced at $0.15 per FT Unit for gross proceeds of $760,000.

Romios Gold Resources Inc.(TSX VENTURE:RG)(OTCBB:RMIOF)(FRANKFURT:D4R) announced that it has placed 5,066,667 units on a flow-through basis priced at $0.15 per FT Unit for gross proceeds of $760,000.

The press release is quoted as saying:

Each FT Unit consists of one (1) flow-through common share (the “FT Share”) and one-half (½) of a share purchase warrant (a “FT Warrant”). Each full FT Warrant entitles the holder to acquire a further common share of the Company at a price of $0.15 per common 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 “Trigger Date”).

Click here to access the entire press release

Click here to access Romios Gold Resources Inc. Corporate Site

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