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Romarco Announces Overnight Marketed Offering

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Romarco Minerals (R.TO) has filed and received a receipt for a preliminary short form prospectus in connection with an overnight marketed public offering of common shares in the capital of the Company. The offering will be conducted through a syndicate of underwriters led by RBC Capital Markets. The company will also grant the underwriters an over-allotment option to purchase up to that number of additional common shares equal to 15% of the common shares sold pursuant to the offering. The offering has yet to be priced.

Romarco intends to use the net proceeds to finance the advancement of its Haile Gold Mine including funding permitting activities, equipment payments, and general corporate purposes.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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