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Romios
Gold Resources Inc. ("Romios" or the
"Company") (TSX VENTURE:RG - News; OTCBB:RMIOF - News; FRANKFURT:D4R - News) is pleased to announce
that it has placed 4,453,333 working capital units (the "WC Units")
priced at $0.30 per WC Unit for proceeds of $1,336,000.00. Each WC Unit
consists of one (1) common share (the "WC Share") and one-half
(1/2) of a share purchase warrant (a "WC Warrant"). Each full WC
Warrant entitles the holder to acquire a further common share of the Company
at a price of $0.40 per common share until the earlier of: (i) March 28, 2012; and (ii) in the event that the closing
price of the common shares on the TSX Venture Exchange is at least $0.60 for
twenty (20) consecutive trading days, and the 20th trading day (the
"Final Trading Day") is at least four (4) months from March 28,
2011, the date which is thirty (30) days from the Final Trading Day. All of
the securities referred to herein are legended and
restricted from trading until July 29, 2011. The Company paid a finder's fee
in the amount of $84,070.00.
The funds will be used for exploration on the Company's properties and
for working capital.
About Romios Gold Resources Inc.
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, Quebec and Nevada. The
Company is undertaking extensive exploration work on its Galore Creek area
properties in British Columbia, which are centrally located between Galore
Creek Mining Corporation's large copper-gold-silver deposit and Barrick's high grade gold mine at Eskay
Creek.
Exchange Listings and Symbols: (TSX VENTURE:RG - News; OTCBB:RMIOF - News; FRANKFURT:D4R - News).
Cautionary Note Regarding Forward-Looking Statements: This Press
Release contains forward-looking statements that involve risks and
uncertainties, which may cause actual results to differ materially from the
statements made. When used in this document, the words "may",
"would", "could", "will", "intend",
"plan", "anticipate", "believe",
"estimate", "expect" and similar expressions are intended
to identify forward-looking statements. Such statements reflect our current
views with respect to future events and are subject to such risks and
uncertainties. Many factors could cause our actual results to differ
materially from the statements made, including those factors discussed in
filings made by us with the Canadian securities regulatory authorities.
Should one or more of these risks and uncertainties, such actual results of
current exploration programs, the general risks associated with the mining
industry, the price of gold and other metals, currency and interest rate
fluctuations, increased competition and general economic and market factors,
occur or should assumptions underlying the forward looking statements prove
incorrect, actual results may vary materially from those described herein as
intended, planned, anticipated, or expected. We do not intend and do not assume
any obligation to update these forward-looking statements, except as required
by law. Shareholders are cautioned not to put undue reliance on such
forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Contact:
Tom Drivas
Romios Gold Resources Inc.
President and Director
416-221-4124
416-218-9772 (FAX)
romios@romios.com
Director
Mel de Quadros Ph.D., P.Eng.
416-668-6145
fortyholwood@rogers.com
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