TORONTO, March 21, 2012 /PRNewswire/ - ROMARCO MINERALS INC. (TSX: R) (the "Company") is pleased to announce Mr. Gary A. Sugar has joined the Board of Directors.
Mr. Sugar has had a long and distinguished career in the investment banking industry retiring recently after 32 years with RBC Capital Markets, including 24 years as a Managing Director. During his tenure at RBC, Mr. Sugar led numerous equity and debt offerings and merger and acquisition transactions for a wide range of Canadian and international mining companies. He provided on-going merger and acquisition and other advisory services to mining companies and provided oversight of corporate banking relationships.
Prior to Mr. Sugar's career in investment banking, he worked in various roles in corporate development, as a mining consultant and field geologist. Mr. Sugar holds a BSc in Geology and a MBA, both from the University of Toronto.
Diane Garrett, President and CEO commented: "The Company is very excited to have someone of Mr. Sugar's calibre joining its Board of Directors. Mr. Sugar's knowledge and experience in the mining sector involving merger and acquisition strategies and debt and equity financings will be extremely beneficial to the Company as we develop the Haile Gold Mine and grow the Company."
Mr. Sugar was recommended to the board by the Company's Corporate Governance and Nominating Committee after an extensive search and interview process involving potential candidates.
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.
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.