Romarco's flagship project is the fully permitted, in-construction, Haile Gold Mine located in South Carolina and the current construction schedule contemplates first production during the fourth quarter of 2016. In connection with the Arrangement, Diane Garrett, the President & CEO of Romarco prior to the Arrangement, will join the Board of Directors of OceanaGold, as Romarco's Board nominee, effective immediately. "The completion of our transaction with Romarco has transformed OceanaGold into a new leader within the intermediate gold sector and the addition of the Haile gold mine enhances our existing portfolio of high margin, high quality operating assets. Our experienced development and operating professionals are looking forward to joining forces with the existing development team to bring Haile into production", said Mick Wilkes, Managing Director & CEO of OceanaGold.