The Prospector News

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

You have opened a direct link to the current edition PDF

Open PDF Close

Share this news article

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

Share this news article


Arizona Silver Extends High Grade Zone at Philadelphia Project

Drills 2.26 Metres at 11.81 gpt Gold And 39.31 gpt Silver within ... READ MORE

May 25, 2022

LAURION Intersects 6.72m True Width* at 0.62 g/t Au and 3.05% Zn as part of a 65m thick mineralized zone in the Newly Opened Area SW Extension of the A-Zone at Ishkoday Au-Zn-Cu-Ag Project

LAURION Mineral Exploration Inc. (TSXV: LME) (OTCPINK: LMEFF) is ... READ MORE

May 25, 2022


Astra Exploration Inc. (TSX-V: ASTR) is pleased to provide result... READ MORE

May 25, 2022

Osisko Windfall Drilling Intercepts High-Grade in Multiple Lynx Zones

Osisko Mining Inc. (TSX:OSK) is pleased to provide new analytical... READ MORE

May 25, 2022

Integra Intersects Record Silver Grade at DeLamar: 9.85 g/t AuEq Over 26.97 m, Including 80.40 g/t Au and 14,054 g/t Ag (261.28 g/t AuEq) Over 0.40 m in Potential New, High-Grade Structural Zone at Sullivan Gulch

Drill results from Sullivan Gulch (located on the eastern portion... READ MORE

May 25, 2022

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2022 The Prospector News