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TORONTO, Dec. 18, 2014 /CNW/ - ROMARCO MINERALS INC.
(TSX: R) ("Romarco" or the "Company") is pleased to announce
that it has closed its previously announced non-brokered private
placement financing (the "Private Placement") of 64,770,700 common
shares of the Company (the "Offered Shares") at a price of
C$0.50 per Offered Share for
aggregate gross proceeds of C$32,385,350.
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.
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.