ROMARCO APPOINTS CHIEF FINANCIAL OFFICER
November 10 2010 - 8:00AM
PR Newswire (Canada)
TORONTO, Nov. 10 /CNW/ -- TRADING SYMBOL: TSX-V: R TORONTO, Nov. 10
/CNW Telbec/ - ROMARCO MINERALS INC. (TSX-V: R) (the "Company") is
pleased to announce the appointment of Mr. Stan Rideout as Sr. Vice
President, Chief Financial Officer of the Company, effective
November 15, 2010. Mr. Rideout has over 30 years of senior
financial leadership experience in the mining and transportation
industries. Mr. Rideout brings extensive senior management
expertise in the fields of project financing, corporate
restructuring, strategic planning and acquisitions. Mr.
Rideout was most recently Executive Vice President and CFO of Swift
Corp., one of the largest truckload carriers in North
America. Prior to that Mr. Rideout held various positions
(Treasurer, Vice President, Division Vice President, and Chief
Financial Officer) over 25 years with Phelps Dodge Corporation and
Phelps Dodge International, a publicly traded company that was
acquired by Freeport McMoRan in 2007. During his tenure with
Phelps Dodge, he led a US$22 billion financing commitment for a
major acquisition, negotiated US$450 million project financing for
an international project and a US$1.1 billion five-year revolving
credit facility extension, and integrated the financial and
accounting reporting requirements for a US$4 billion mining
acquisition. Diane Garrett, President and CEO of Romarco Minerals
Inc. commented: "Mr. Rideout's expertise in project financings,
financial leadership and management experience working with a
diverse international company will be very valuable to Romarco as
we approach the financing and development stage of the Haile Gold
Mine as well as begin to strategically grow the Company. We are
delighted to have someone of Mr. Rideout's caliber become part of
our growing team." Mr. Rideout is a registered CPA in Illinois,
holds an MBA from the University of Evansville and completed global
executive management programs at Thunderbird International School
of Management and the University of South Carolina. Mr. Rideout
will be granted 200,000 options in capital of the Company, priced
at the closing market price on November 15, 2010, subject to
regulatory restrictions. The options have an expiry date on
November 15, 2015. About Romarco Minerals Inc. Romarco Minerals
Inc. is a gold development company focused on production in the US
and Mexico. The Company's flagship project is the Haile Gold Mine
in South Carolina, which is currently in the process of a
feasibility study and continued exploration drilling. The PiƱos
Gold District in Mexico is a high-grade, epithermal vein district
in the advanced exploration stage. 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. "Neither the TSX Venture nor its regulation services
provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release" pbRomarco Minerals Inc./bbr/ br//p table
valign="top" border="0"tr valign="top"td align="left"Diane Garrett,
President and CEObr/ Phone: 210-621-4200br/ E-mail: a
href="http://www.romarco.com"dgarrett@romarco.com/a/td td
align="left" /td td align="left" /td td
align="left" /td td align="left" /td td
align="left" /td td align="left" /td td
align="left" /td td valign="top" align="left"Dan Symons,
Manager, Investor Relationsbr/ Phone: 416-367-5500br/ Email: a
href="http://www.romarco.com"dsymons@romarco.com/a/td/tr/table p
align="justify"bRenmark Financial Communications Inc./bbr/ Maurice
Dagenais 514-939-3989 or via email at a
href="http://www.romarco.com"mdagenais@renmarkfinancial.com/a/p
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