Romios Announces Extension of Warrants
TORONTO, ONTARIO -- (Marketwire) -- 07/07/10 -- Romios Gold Resources Inc. ('Romios' or the 'Company') (TSX VENTURE: RG)(OTCBB: RMIOF)(FRANKFURT: D4R) wishes to announce that it will make application to extend the exercise date of 4,514,267 warrants issued to private placees pursuant to a financing which closed on July 15, 2009. The warrants' expiry date will be extended to July 15, 2011 from July 15, 2010. There has been no change to the warrants' exercise price of $0.15. Each warrant, when exercised, is exchangeable for one common share of the Company. Pursuant to the terms of the extension, if the closing price of the Company's common shares on the TSX Venture Exchange is at least $0.25 for ten (10) consecutive trading days, and the 10th trading day (the 'Final Trading Day') is at least four (4) months from the original expiry date of July 15, 2010, the new expiry date of the warrants will be accelerated to thirty (30) days from the Final Trading Day.
The amendment to the warrant terms is subject to approval of the TSX Venture Exchange.
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, copper, silver and molybdenum. 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 GCMC's (NovaGold/Teck Resources') large gold-copper-silver deposit and Barrick's high-grade gold mine at Eskay Creek.
Exchange Listings and Symbols: TSX-V:RG, NASDAQ OTC:RMIOF, Frankfurt:D4R.
Head Office:
25 Adelaide Street East, Suite 1010
Toronto, ON Canada, M5C 3A1
Tel: 416-221-4124, Fax: 416 218-9772
Website: www.romios.com
Contact: Tom Drivas, President
Email Address: romios@romios.com
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.
Contacts:
Romios Gold Resources Inc.
Tom Drivas
President and Director
416-221-4124
416-218-9772 (FAX)
romios@romios.com
Romios Gold Resources Inc.
Thomas Skimming
Vice President of Exploration and Director
416-444-0900
416-444-0586 (FAX)
tmsk8ing@hotmail.com
www.romios.com