Romarco Closes Bought Deal Equity at C$300 Million

Romarco Minerals Inc. (TSX:R) announced it has closed its bought deal equity of 517,300,000 common shares at the price of C$0.58 per share for a total of C$300,034,000.

As quoted in the company news:

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).

Click here to read the full Romarco Minerals Inc. (TSX:R) press release.