Sun Valley Gold LLC

September 10, 2010 13:14 ET

Sun Valley Gold LLC: Control and Direction Over Common Shares of Romarco Minerals Inc.

SUN VALLEY, IDAHO--(Marketwire - Sept. 10, 2010) - Sun Valley Gold LLC ("Sun Valley") announced today that it has, on behalf of client accounts over which it has discretionary trading authority, sold 6,000,000 common shares ("Common Shares") of Romarco Minerals Inc. ("Romarco"). Following the sale, Sun Valley exercises control and direction over 40,328,612 Common Shares and 6,000,000 common share purchase warrants ("Warrants") on behalf of client accounts over which it has discretionary trading authority. The 40,328,612 Common Shares over which Sun Valley exercises control and direction represent approximately 8.59% of the issued and outstanding Common Shares. If exercised, the 6,000,000 Warrants over which Sun Valley exercises control and direction would, together with the 40,328,612 Common Shares over which Sun Valley exercises control and direction, represent approximately 9.74% of the issued and outstanding Common Shares (after giving effect to the exercise of such Warrants, but not the exercise of any other convertible securities issued by the Issuer). Sun Valley and its clients may increase or decrease their ownership of securities of Romarco depending upon future market conditions.

FOR FURTHER INFORMATION, OR TO OBTAIN A COPY OF THE EARLY WARNING REPORT FILED BY SUN VALLEY UNDER APPLICABLE SECURITIES LEGISLATION, PLEASE SEE THE CONTACT INFORMATION BELOW:

Contact Information

  • Sun Valley Gold LLC
    Mr. Peter F. Palmedo
    President
    (208) 726-2327
    (208) 726-2469 (FAX)