TORONTO, Nov. 9 /CNW Telbec/ - ROMARCO MINERALS INC. (TSXV: R) (the "Company") is pleased to announce the appointment of Mr. Fraser Sinclair as Sr. Vice President, Chief Financial Officer of the Company, effective November 9, 2009.
Mr. Sinclair has over 20 years of senior financial leadership experience in the mining, technology, professional service and manufacturing industries. Mr. Sinclair brings extensive senior management experience including financing, corporate turnaround and restructuring, strategic planning and M&A transactions. Mr. Sinclair was most recently Vice President, Finance and CFO of North American Palladium Ltd., a publicly traded mining company, where he initiated and led a US$86 million equity financing. Prior to that Mr. Sinclair ran his own independent consulting practice providing senior level financial and business advisory services. Mr. Sinclair is a Chartered Accountant and earned his CA designation with Arthur Young & Company (now Ernst & Young). He is a member of the Institute of Chartered Accountants of Ontario and the South African Institute of Chartered Accountants and holds a Bachelor of Commerce degree from the University of Witwatersrand in South Africa. Mr. Sinclair will be based in Toronto at the Company's new headquarters.
Diane Garrett, President and CEO commented, "Mr. Sinclair's relationships with the banking and financial sectors, combined with his broad and varied senior financial leadership and management experience, will be very valuable to the Company at this stage of growth and beyond in its future development."
Mr. Sinclair was granted 500,000 options in the capital of the Company. The options are priced at $1.20 and expire on November 9, 2014
Romarco Minerals Inc. is a gold development company focused on production in the US and Mexico. The Company's flagship project is the Haile Gold Mine in South Carolina that 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.
ON BEHALF OF ROMARCO MINERALS INC.
"Diane R. Garrett"
Diane R. Garrett,
President and CEO
"NEITHER 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."
SOURCE Romarco Minerals Inc.
For further information: For further information: Diane Garrett, President and C.E.O., (210) 621-4200, email@example.com