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Romarco Minerals completes US$120 million financing

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BMO Nesbitt Burns and Paradigm Capital

On April 13, 2010, Romarco Minerals Inc. (TSX-V: R) closed its previously announced bought deal common share public offering, for aggregate gross proceeds to Romarco of $120 million. A syndicate of underwriters, led by BMO Nesbitt Burns Inc. and Paradigm Capital Inc., and including GMP Securities L.P. and Wellington West Capital Markets Inc., purchased an aggregate of 61,000,000 common shares of Romarco at a price of $1.97 per share. The underwriters have been granted an over-allotment option to purchase up to an additional 9,150,000 common shares, equal to up to 15% of the common shares sold pursuant to the offering, exercisable at any time, in whole or in part, up to 30 days from the closing of the offering. Fasken Martineau advised the underwriters on this deal with a team that included Rob Mason, Amanda Fullerton and Michael Shour (securities) and Mitchell Thaw (tax).



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