Romios Gold Resources Inc. announced a non-brokered private placement of up to 7,500,000 flow-through shares at an issue price of CAD 0.05 per flow-through share for the gross proceeds of up to CAD 375,000 and up to 9,375,000 working capital units at an issue price of CAD 0.04 per unit for the gross proceeds of CAD 375,000, for the aggregate gross proceeds of CAD 750,000 on July 21, 2023. Each working capital unit consists of one common share and one share purchase warrant at a price of CAD 0.08 per warrant share until the date which is twenty-four months following the closing of the transaction. The company may eligible finder up to 7% of the value of proceeds on the sale of the flow-through units in cash and up to 7% of the number of flow-through units sold in the form of compensation warrants.

The transaction may include participation from insiders of the company for up to 25% of the offering. All securities issued under the transaction are subject to a statutory four month hold period. The transaction is subject to TSX Venture Exchange approval.