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A miner
A miner
(Jupiterimages/Getty Images)

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Romarco’s failed financing a ‘wake-up call’ to miners

Hoping to capitalize on a recent bounce in its stock price, junior gold miner Romarco Minerals Inc. tried to tap the market for new funds this week.

But in the face of a new bout of global uncertainty and underlying troubles for miners of all sizes, the company was forced to pull the overnight marketed deal after its own shareholders refused to pony up new cash.