Romarco announces closing of C$25 million non-brokered private placement

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TRADING SYMBOL: TSX: R

TORONTO, Nov. 13, 2013 /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 71,678,599 common shares of the Company (the "Offered Shares") at a price of C$0.35 per Offered Share for aggregate gross proceeds of C$25,087,509.65.

The Offered Shares will be subject to a four month plus one day hold period. The proceeds from the Private Placement will be used to finance the advancement of Romarco's Haile Gold Mine including funding permitting activities, equipment payments, 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 is continuing exploration drilling and permitting for its flagship project, the Haile Gold Mine in South Carolina.

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SOURCE Romarco Minerals Inc.