Romarco completes C$300 million bought deal equity financing

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

TORONTO, Feb. 11, 2015 /CNW/ - ROMARCO MINERALS INC. (TSX: R) ("Romarco" or the "Company") is pleased to announce that it has closed its previously announced bought deal equity offering of 517,300,000 common shares (the "Shares") at a price of C$0.58 per Share (the "Offering") for gross proceeds to the Company of C$300,034,000.

The Offering was conducted through a syndicate co-led by BMO Capital Markets and Cormark Securities Inc. and including RBC Capital Markets, National Bank Financial Inc., Desjardins Securities Inc., Paradigm Capital Inc., Clarus Securities Inc., Euro Pacific Canada Inc., Macquarie Capital Markets Canada Ltd. and Raymond James Ltd. (collectively, the "Underwriters").

The Underwriters have been granted the option to purchase up to an additional 15% of the Offering, exercisable in whole or in part at any time up to 30 days from the date hereof.

The net proceeds of the Offering, together with the project financing facility, will be used to fully fund the Haile Gold Mine in South Carolina, for working capital and general corporate purposes (as more fully described in the prospectus dated February 4, 2015 and filed by the Company in respect of the Offering).

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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.

Please note:
This entire press release may be accessed via fax, e-mail, Romarco's website at www.romarco.com and through CNW Group's website at www.newswire.ca. All material information on Romarco Minerals Inc. can be found at www.sedar.com.

 

SOURCE ROMARCO MINERALS INC.

For further information: Romarco Minerals Inc., Dan Symons, Vice President, Investor Relations, Phone: 416-367-5500, E-mail: dsymons@romarco.com

RELATED LINKS
http://www.romarco.com

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