| Romarco announces settlement agreement and State Mine Operating Permit is effective | |
| | |
|
TORONTO, Jan. 8, 2015 /PRNewswire/ - ROMARCO MINERALS INC. (TSX:R.TO) (the "Company") announces that an agreement has been entered into between its wholly owned subsidiary Haile Gold Mine, Inc. ("Haile"), the South Carolina Department of Health and Environmental Control ("SCDHEC") and the Sierra Club which resolves all claims raised by the Sierra Club. This agreement eliminates the last obstacle to the SCDHEC Mine Operating Permit ("Permit") which is now final and effective. Under this agreement, the total financial assurance for reclamation provided for in the Permit will be increased from $60 million to $65 million over the mine life. Sierra Club has agreed to bring no suit or claim against the Haile project as currently permitted. "We are pleased that we were able to find a way to avoid delay and litigation and keep our employees working," said Diane Garrett, President and CEO. "We look forward to continuing to work with the community and focusing on financing the project to develop the Haile Gold Mine. With the recently completed private placement the Company has sufficient cash to afford some flexibility on timing of the overall project financing." About Romarco Minerals Inc. Romarco Minerals Inc. is a gold development company focused on production primarily in the US. The Company has completed a positive Feasibility Study and has received all major permits for its flagship project, the Haile Gold Mine in South Carolina.
|
|
|
Romarco Minerals Inc
|
|
DEVELOPMENT STAGE |
CODE : R.TO |
ISIN : CA7759032062 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Romarco Min. is a gold exploration company based in Canada. Romarco Min. holds various exploration projects in Mexico. Its main asset in development is HAILE in USA and its main exploration properties are PINE GROVE in USA and PINOS GOLD DISTRICT in Mexico. Romarco Min. is listed in Canada. Its market capitalisation is CA$ 4.0 millions as of today (US$ 3.0 millions, € 2.7 millions). Its stock quote reached its highest recent level on November 12, 2010 at CA$ 2.88, and its lowest recent point on November 09, 2018 at CA$ 0.01. Romarco Min. has 265 030 000 shares outstanding. |