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Romios Signs Letter Agreement with McEwen Mining to Sell Timmins Hislop Property

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Romios Signs Letter Agreement with McEwen Mining to Sell Timmins Hislop Property

 

 

 

 

 

Romios Gold Resources Inc. (TSX-V: RG) (OTC Pink: RMIOF) (FSE: D4R)  is pleased to announce that it has signed an agreement with McEwen Mining Inc. to sell the Company’s Timmins Hislop property in Hislop Township in the Matheson gold camp, Ontario for $500,000 worth of common shares of McEwen Mining priced at the weighted average closing price of such shares on the New York Stock Exchange for the five trading days preceding the closing of the transaction. Romios will also retain a 2% net smelter returns royalty in the Roger Gold Property. McEwen Mining will have the right at any time to purchase a 1% NSR from the Company for $2 million.

 

 

The Letter Agreement is subject to the execution of a definitive purchase agreement on or before April 27, 2018, the completion of satisfactory due diligence by McEwen Mining and the customary and agreed-upon representations, warranties, covenants and conditions for a transaction of this nature.

 

 

About Romios Gold Resources Inc.

 

 

Romios Gold Resources Inc., a progressive Canadian mineral exploration company established in 1995, is engaged in precious and base metal exploration primarily focused on gold, silver and copper in its properties in the Golden Triangle area, northwestern British Columbia. In addition to the Lundmark-Akow Lake and Hislop properties in Ontario, Romios has other property interests in Quebec and Nevada.

 

Posted April 3, 2018

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