Romios Gold Resources Inc. announced a non-brokered private placement of up to 12,500,000 flow-through units at a price of CAD 0.03 per flow-through unit for gross proceeds of up to CAD 375,000, and up to 12,500,000 working capital unit at a price of CAD 0.03 per working capital unit for up to CAD 375,000; for aggregate gross proceeds of up to CAD 750,000 on September 18, 2023. Each flow-through unit consists of one flow-through common share and one-half of a common share purchase warrant. Each full warrant entitles the holder to purchase one common share at a price of CAD 0.05 per flow-through warrant share until the date which is twenty-four months following the closing of the transaction.

Each working capital unit consists of one common share and one common share purchase warrant. Each working capital warrant entitles the holder to purchase one common share at a price of CAD 0.08 per working capital warrant share until the date which is twenty four months following the closing of the transaction. The company may pay to eligible finders up to 7% of the value of proceeds on the sale of the working capital units and flow-through units in cash and up to 7% of the number of flow-through units or working capital units sold in the form of broker warrants.

Each broker warrant issued in relation to the sale of flow-through units and working capital units entitles the holder to acquire one common share at a price of CAD 0.05 for twenty-four months from the closing of the transaction. All securities issued under the transaction are subject to a statutory four month hold period. The transaction is subject to TSX Venture Exchange approval.