Romarco Minerals Inc. announces C$32 million non-brokered private placement
![Romarco Minerals Inc. announces C$32 million non-brokered private placement](https://www.minenportal.de/media/goldseiten-news.jpg)
Diane Garrett, President and CEO commented, "We are very pleased some of our largest and longstanding shareholders have once again demonstrated their support and confidence in the Haile Gold Mine - a high grade, low cost, world class asset located in South Carolina, USA. The timing for this support ensures we have sufficient funds to defend our permits, if necessary, and fulfil our near-term contractual obligations."
Closing of the Private Placement is subject to receipt of approval of the Toronto Stock Exchange. The Offered Shares will be subject to a four month statutory hold period. The Company intends to use the proceeds from the Private Placement for working capital and general corporate purposes.
About Romarco Minerals Inc.
Romarco Minerals Inc. is a gold development company focused on production primarily in the US. The Company has completed a positive Feasibility Study and has received all major permits for its flagship project, the Haile Gold Mine in South Carolina.
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Contact
Romarco Minerals Inc.
Dan Symons, Vice President, Investor Relations
Phone: 416-367-5500
E-mail: dsymons@romarco.com