Romarco closes bought deal financing



    
    /THIS PRESS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS
    NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
    DISSEMINATION IN THE UNITED STATES./
    

    SPARKS, NV, Aug. 13 /CNW/ - ROMARCO MINERALS INC. (TSXV: R) (the
"Company") is pleased to announce that it has closed its previously announced
bought deal financing (the "Offering"), including the full exercise of the
underwriters' over-allotment option. The Offering consisted of 52,325,000
common shares (the "Common Shares"), at a price of C$0.88 per Common Share,
for aggregate gross proceeds of C$46,046,000. The Offering was led by Paradigm
Capital Inc. and included GMP Securities L.P., Macquarie Capital Markets
Canada Ltd. and Wellington West Capital Markets Inc. The Common Shares were
offered in Canada by way of a short form prospectus.
    Romarco will use the net proceeds from the Offering to fund the continued
development of the Haile Gold Mine, the purchase of lands adjacent to and
around the Haile Gold Mine, an increased drilling program, working capital and
general corporate purposes.
    This press release is not an offer to sell or the solicitation of an
offer to buy the securities, nor shall there be any sale of the securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful
prior to qualification or registration under the securities laws of such
jurisdiction. The securities being offered have not been, nor will they be,
registered under the United States Securities Act of 1933, as amended, and
such securities may not be offered or sold within the United States or to, or
for the account or benefit of, U.S. persons absent registration or an
applicable exemption from U.S. registration requirements.

    About Romarco Minerals Inc.

    Romarco Minerals Inc. is a gold development company focused on production
in the U.S. and Mexico. The Company's flagship project is the Haile Gold Mine
in South Carolina which is currently undergoing exploration drilling,
development planning and permitting. The Pinos Gold District in Mexico is a
high grade epithermal vein district in the advanced exploration stage.

    FORWARD-LOOKING INFORMATION

    Certain statements contained in this market release constitute
forward-looking information, future oriented financial information, and
financial outlooks (collectively forward-looking information) within the
meaning of Canadian securities laws. Forward-looking information may relate to
the matters discussed in this market release and other matters identified in
Romarco's public filings, Romarco's future outlook and anticipated events or
results and, in some cases, can be identified by terminology such as "may",
"will", "should", "expect", "anticipate", "believe", "intend", "estimate", or
other similar expressions concerning matters that are not historical facts.
Forward-looking information in this market release includes the completion of
the offering, the obtaining of TSXV and other regulatory approvals.

    
                     ON BEHALF OF ROMARCO MINERALS INC.
                             "Diane R. Garrett"
                             Diane R. Garrett
                             President and C.E.O.

    NEITHER THE 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.
    




For further information:

For further information: Diane Garrett, President and C.E.O. at (210)
621-4200 or Shirene Urton at (775) 355-1900

Organization Profile

Romarco Minerals Inc.

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