Romarco Provides Update on Project Debt Facility

TORONTO, Feb. 22, 2015 /CNW/ - ROMARCO MINERALS INC. (TSX: R) (the "Company") reports that Caterpillar Financial Services Corporation, Macquarie Bank Limited and Societe Generale Corporate & Investment Banking (together the "Lenders") have informed the Company that it is necessary to extend by 30 days the binding commitment for a US$200 million senior secured project debt facility ("Debt Facility") to April 2, 2015.  The extension will allow for finalization of documentation including final review of the financial model which has recently been updated based on the updated technical report filed in December 2014. The extension for the Debt Facility commitment is otherwise on the same terms as those announced in November 2014.  The Debt Facility is for the development of the Haile Gold Mine project in South Carolina.

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, received all major permits and secured financing commitments 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.

SOURCE ROMARCO MINERALS INC.

Romarco Minerals Inc., Dan Symons, Vice President Investor Relations, Phone: [phone], E-mail: [email protected]