Romarco Minerals reported that Caterpillar Financial, Macquarie Bank and Societe Generale have informed the company that it is necessary to extend by 30 days the binding commitment for a $200 million senior secured project debt facility to April 2, 2015.

Romarco said 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.

Toronto-based Romarco Minerals is a gold development company focused on production primarily in the U.S.