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TD Ameritrade Holding Corporation Message Board

billeesands 7 posts  |  Last Activity: Apr 10, 2015 11:48 PM Member since: Jun 3, 2004
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  • (PR) Romarco executes US$200 million project finance credit agreement with four lenders
    04/10/2015 09:19 PM
    TORONTO, April 10, 2015 /PRNewswire/ - ROMARCO MINERALS INC. (TSX: R) (the "Company") is pleased to announce that the Company, through its subsidiary Haile Gold Mine, Inc., has signed a credit agreement (the "Credit Agreement") with Caterpillar Financial Services Corporation, ING Capital LLC, Macquarie Bank Limited, and Société Générale Corporate & Investment Banking (together the "Lenders") with respect to its previously announced US$200 million senior secured project finance facility (the "Debt Facility") with no mandatory gold hedging. The Debt Facility will be used for the development of the Haile Gold Mine project in South Carolina. With the execution of the Credit Agreement, the Haile Gold Mine project as currently proposed is fully financed. All dollar amounts are in US dollars unless otherwise stated.

    Debt Facility

    The Debt Facility is comprised of two Tranches: a $180 million project facility ("PF") maturing June 30, 2022, and a $20 million cost overrun facility ("COF") maturing September 30, 2023, if drawn. Advances under the PF will bear interest at LIBOR plus 3.75% to 4.25% and advances under the COF, if any, will bear interest at LIBOR plus 6.25%. The terms of the Debt Facility are substantially the same as previously disclosed in the News Release dated April 2, 2015.

    Diane Garrett, President & CEO commented: "We are pleased to have executed the Credit Agreement for the $200 million Debt Facility with no mandatory gold hedging. We appreciate the support and confidence of each of the four Lenders and are looking forward to breaking ground and initiating full construction in May 2015, with construction scheduled for 18 months."

    Under the Debt Facility, Caterpillar Financial Services Corporation is acting as Insurance Agent, Macquarie Bank Limited is acting as Technical Agent and Société Générale Corporate & Investment Banking is acting as Administrative and Documentation Agent.

    The Company was advised by Cutfield Freeman & Co Ltd (Financial Adviser), and Shearman & Sterling LLP (Project Finance Counsel) and Blake, Cassels & Graydon LLP (Canadian Counsel). The Lenders are being advised by Allen & Overy LLP (Lenders' Counsel).

    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. The Company's current construction schedule contemplates first production during the fourth quarter of 2016.

    Sentiment: Buy

  • Reply to

    Good things ahead!

    by str8biteforlife Mar 31, 2015 5:05 PM
    billeesands billeesands Apr 7, 2015 11:43 AM Flag

    It's been under steady selling pressure recently....I have no idea why. It hit 3.88 today.

    Sentiment: Buy

  • Yesterday they released what looked to be positive news in their press release, and then today there was some heavy selling, over 300,000 shares traded, all the way down to .183. I bought some more at 19c, and it recovered somewhat later in the afternoon, but I don't see why somebody was selling today. Any ideas? Thanks.

    Sentiment: Buy

  • billeesands by billeesands Mar 31, 2015 6:53 PM Flag

    Good to see.....
    $ADK 4Q14 Call – Bill, CEO: Board has declared a $0.05 cash dividend on common stock to be paid in April.

  • Reply to

    Need Some Answers

    by joelindell86 Mar 12, 2015 11:43 AM
    billeesands billeesands Mar 13, 2015 7:05 PM Flag

    Here you go...he bot 20,000 on 3/11. I bot some more today just under 54.

  • Reply to

    bottom is dropping out.

    by nadsmis Mar 9, 2015 3:44 PM
    billeesands billeesands Mar 9, 2015 9:26 PM Flag

    I've owned ETP for many years, and have sold some at higher prices last year. I bot some of it back this afternoon at 55.80, as it seems it is getting cheap again.

    Sentiment: Buy

  • I bought some more today on the drop, but don't really understand the drop.

    Sentiment: Buy

36.50-0.31(-0.84%)Apr 17 4:00 PMEDT