Romarco Minerals Inc.

TSX : R


Romarco Minerals Inc.

March 19, 2013 16:34 ET

Romarco Announces Overnight Marketed Offering

TORONTO, ONTARIO--(Marketwire - March 19, 2013) -

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

ROMARCO MINERALS INC. (TSX:R) ("Romarco" or the "Company") announces that it has filed and received a receipt for a preliminary short form prospectus in connection with an overnight marketed public offering (the "Offering") of common shares in the capital of the Company ("Common Shares"). The Offering will be conducted through a syndicate of underwriters led by RBC Capital Markets (the "Underwriters"). 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, exercisable at any time up to 30 days after and including the closing of the Offering at a price equal to the offering price of the Common Shares. The Offering will be priced in the context of the market with final terms to be determined at the time of entering into an underwriting agreement.

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

The Offering is anticipated to close on or about April 3, 2013 and is subject to certain customary conditions and regulatory approval, including the approval of the Toronto Stock Exchange.

The preliminary short form prospectus relating to the Offering has been filed with the securities regulatory authorities in each of the provinces of Canada other than Quebec. A copy of the preliminary short form prospectus can be obtained under the Company's corporate profile on SEDAR at www.sedar.com.

This press release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained herein constitute forward-looking statements, including statements concerning the execution of a definitive underwriting agreement, anticipated closing date of the Offering and the anticipated use of proceeds. The Corporation believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included herein should not be unduly relied upon. The forward-looking statements included in this press release are made as of the date of this press release and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

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 is continuing exploration drilling and permitting 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.

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