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Banro Corporation (T:BAA)

Business Focus: N/A

May 07, 2018 01:22 pm ET
Banro Corp. Appoints New Chairman and Chief Executive Officer
Banro Corporation Ltd. (the "Company" or "Banro") (TSX: BAA)(NYSE American: BAA)(NYSE MKT: BAA) is pleased to announce the appointment of Mr. Brett A. Richards as the Chairman and Chief Executive Officer of Banro, with immediate effect.
May 07, 2018 01:22 pm ET
Banro Corp. Appoints New Chairman and Chief Executive Officer
Banro Corporation Ltd. (the "Company" or "Banro") (TSX:BAA)(NYSE American:BAA)(NYSE MKT:BAA) is pleased to announce the appointment of Mr. Brett A. Richards as the Chairman and Chief Executive Officer of Banro, with immediate effect....
May 03, 2018 05:12 pm ET
Banro Announces Effectiveness of its Recapitalization Plan and Intent to Terminate Registration under Securities Exchange Act of 1934 with the U.S. Securities and Exchange Commission
TORONTO, May 3, 2018 /CNW/ - Today, Banro Corporation (the "Company") announced the effectiveness of its Amended Consolidated Plan of Compromise and Reorganization (the "Recapitalization Plan"), which, as previously announced, was sanctioned by the Ontario Superior Court of Justice (Commercial List) on March 27, 2018 in connection with the implementation of the Recapitalization Plan and the Company's emergence from protection under the Companies' Creditors Arrangement Act ("CCAA"). Upon effectiveness of the Recapitalization Plan, all of the Company's existing equity and any and all equity re
Mar 27, 2018 05:00 pm ET
Banro Announces Court Approval of Recapitalization Plan
TORONTO, March 27, 2018 /CNW/ - Banro Corporation ("Banro" or the "Company") and its Barbados-based subsidiaries (collectively, the "Companies" and together with the subsidiaries in the Democratic Republic of the Congo (the "DRC"), the "Banro Group") are pleased to announce that the Ontario Superior Court of Justice (Commercial List) (the "Court") has sanctioned the Companies' Amended Consolidated Plan of Compromise and Reorganization (the "Recapitalization Plan").  The Companies are now working towards satisfying conditions precedent and closing the recapitalization transaction as soon as p
Mar 09, 2018 02:32 pm ET
Banro Announces Support for Recapitalization Plan
TORONTO, March 9, 2018 /CNW/ - Banro Corporation ("Banro" or the "Company") and its Barbados-based subsidiaries (collectively, the "Companies" and together with the subsidiaries in the Democratic Republic of the Congo (the "DRC"), the "Banro Group") are pleased to announce the approval of the Companies' Amended Consolidated Plan of Compromise and Reorganization (the "Recapitalization Plan") by the secured creditors (the "Affected Secured Creditors") and the unsecured creditors (the "Affected Banro Unsecured Creditors", and together with the Affected Secured Creditors, the "Affected Creditors
Mar 05, 2018 07:12 am ET
Banro Announces Intention to Proceed with Recapitalization Plan
TORONTO, March 5, 2018 /CNW/ - Banro Corporation ("Banro" or the "Company") and its Barbados-based subsidiaries (collectively, the "Companies") announce that, in connection with the Companies' restructuring proceedings under the Companies' Creditors Arrangement Act (the "CCAA"), the Companies intend to proceed with the Amended Consolidated Plan of Compromise and Reorganization (the "Recapitalization Plan").
Feb 15, 2018 04:04 pm ET
Banro Provides Update to Affected Creditors
TORONTO, Feb. 15, 2018 /CNW/ - Banro Corporation ("Banro") and its Barbados-based subsidiaries (collectively, the "Companies") wish to advise all Affected Creditors that, in connection with the Companies' restructuring proceedings under the Companies' Creditors Arrangement Act (the "CCAA"), the Third Report of the court-appointed Monitor, FTI Consulting Canada Inc., has been served in accordance with the Meeting Order and is available for review on the Monitor's website at http://cfcanada.fticonsulting.com/banro/reports.htm
Feb 01, 2018 02:52 pm ET
Banro Announces Meetings of Creditors and Claims Procedures
TORONTO, Feb. 1, 2018 /CNW/ - Banro Corporation ("Banro") and its Barbados based subsidiaries (collectively, the "Companies") announced today their consolidated plan of compromise and reorganization (the "Plan") has been accepted for filing by the Ontario Superior Court of Justice (Commercial List) (the "Court") in connection with the Companies' restructuring proceedings under the Companies' Creditors Arrangement Act (the "CCAA"). This filing marks a major milestone in the Court-supervised restructuring process under the CCAA to restructure the Companies' business.
Jan 22, 2018 03:35 pm ET
Banro Announces Commencement of Court-Approved Sale and Investment Solicitation Process
TORONTO, Jan. 22, 2018 /CNW/ - On December 22, 2017,  Banro Corporation ("Banro") and its Barbados based subsidiaries (collectively, the "Companies") commenced restructuring proceedings under the Companies' Creditors Arrangement Act ("CCAA") pursuant to an initial order granted by the Ontario Superior Court of Justice (Commercial List) (the "Court").  FTI Consulting Canada Inc. has been appointed Monitor (the "Monitor") of the Companies for the CCAA proceedings.
Jan 22, 2018 03:35 pm ET
Banro Announces Commencement of Court-Approved Sale and Investment Solicitation Process
TORONTO, Jan. 22, 2018 /PRNewswire/ - On December 22, 2017,  Banro Corporation ("Banro") and its Barbados based subsidiaries (collectively, the "Companies") commenced restructuring proceedings under the Companies' Creditors Arrangement Act ("CCAA") pursuant to an initial order granted by the Ontario Superior Court of Justice (Commercial List) (the "Court").  FTI Consulting Canada Inc. has been appointed Monitor (the "Monitor") of the Companies for the CCAA proceedings.
Jan 22, 2018 03:35 pm ET
Banro Announces Commencement of Court-Approved Sale and Investment Solicitation Process
TORONTO, Jan. 22, 2018 /PRNewswire/ - On December 22, 2017,  Banro Corporation ("Banro") and its Barbados based subsidiaries (collectively, the "Companies") commenced restructuring proceedings under the Companies' Creditors Arrangement Act ("CCAA") pursuant to an initial order granted by the Ontario Superior Court of Justice (Commercial List) (the "Court").  FTI Consulting Canada Inc. has been appointed Monitor (the "Monitor") of the Companies for the CCAA proceedings.
Jan 18, 2018 03:35 pm ET
Banro Announces Court Approval of Sale and Investment Solicitation Process, Availability under DIP Facility and Extension of Stay under Restructuring Proceedings
TORONTO, Jan. 18, 2018 /CNW/ - Banro Corporation ("Banro" or the "Company") (NYSE American - "BAA"; TSX - "BAA") announced today that the Company and its Barbados based subsidiaries have obtained approval from the Ontario Superior Court of Justice (Commercial List) to commence a sales and investment solicitation process (the "SISP") in the context of its proceedings under the Companies' Creditors Arrangement Act ("CCAA").  Banro also announced that certain significant conditions precedent to the effectiveness of the previously approved US$20 million interim financing facility (the "DIP Facil
Jan 10, 2018 04:59 pm ET
Banro Announces Q4 2017 Production Results
TORONTO, Jan. 10, 2018 /CNW/ - Banro Corporation ("Banro" or the "Company") (NYSE American - "BAA"; TSX - "BAA") announces operating results for the fourth quarter ("Q4") of 2017.
Jan 03, 2018 08:56 am ET
Banro Provides Update on Namoya Mine
Banro Corporation (the "Company") (NYSE MKT:BAA)(TSX:BAA) reports that mining operations at the Company's Namoya mine have recommenced, as a result of the reestablishment of the road access to the mine. The Company is grateful for the support...
Jan 03, 2018 08:56 am ET
Banro Provides Update on Namoya Mine
Banro Corporation (the "Company") (NYSE MKT: BAA)(TSX: BAA) reports that mining operations at the Company's Namoya mine have recommenced, as a result of the reestablishment of the road access to the mine. The Company is grateful for the support of both the regional and national governments during this period. The Company intends to progressively ramp up production at Namoya during January.
Dec 27, 2017 08:50 am ET
Banro provides update on stock exchange listings
TORONTO, Dec. 27, 2017 /CNW/ - Banro Corporation ("Banro" or the "Company") (NYSE American - "BAA"; TSX - "BAA") announces that the Company has received notice that the Continued Listings Committee of the Toronto Stock Exchange (the "TSX") has determined to delist the Company's common shares from the TSX effective at the close of market on January 22, 2018.  The Company does not intend to appeal the decision.  The Company's common shares remain suspended from trading on the TSX due to the cease trade order issued by the Ontario Securities Commission on November 20, 2017.
Dec 27, 2017 08:50 am ET
Banro provides update on stock exchange listings
TORONTO, Dec. 27, 2017 /PRNewswire/ - Banro Corporation ("Banro" or the "Company") (NYSE American - "BAA"; TSX - "BAA") announces that the Company has received notice that the Continued Listings Committee of the Toronto Stock Exchange (the "TSX") has determined to delist the Company's common shares from the TSX effective at the close of market on January 22, 2018.  The Company does not intend to appeal the decision.  The Company's common shares remain suspended from trading on the TSX due to the cease trade order issued by the Ontario Securities Commission on November 20, 2017.
Dec 22, 2017 09:23 am ET
Banro announces support agreement for recapitalization transaction with key stakeholders, commences restructuring proceedings & receives order permitting interim financing of up to US$20 million
Banro Corporation ("Banro" or the "Company") (NYSE American:BAA)(TSX:BAA) announced today that the Company and its Barbados based subsidiaries have commenced restructuring proceedings under the Companies' Creditors Arrangement Act ("CCAA") pursuant...
Dec 22, 2017 09:23 am ET
Banro announces support agreement for recapitalization transaction with key stakeholders, commences restructuring proceedings & receives order permitting interim financing of up to US$20 million
Banro Corporation ("Banro" or the "Company") (NYSE American: BAA)(TSX: BAA) announced today that the Company and its Barbados based subsidiaries have commenced restructuring proceedings under the Companies' Creditors Arrangement Act ("CCAA") pursuant to an initial order granted by the Ontario Superior Court of Justice (Commercial List) (the "Court") on December 22, 2017 (the "Initial Order"). Pursuant to the Initial Order, the Company has obtained protection from its creditors under the CCAA for an initial period expiring January 19, 2018,
Dec 01, 2017 05:30 am ET
Banro Announces Exercise of Contractual Right to Defer Interest Payment on Secured Notes
TORONTO, Dec. 1, 2017 /CNW/ - Banro Corporation ("Banro" or the "Company") (NYSE American - "BAA"; TSX - "BAA") announced today that in accordance with the terms of the indenture (the "Indenture") governing its 10% secured notes due 2021, Banro has elected to defer payment of the approximately US$4.94 million interest payment due on December 1, 2017 (the "Interest Payment").  
Dec 01, 2017 05:30 am ET
Banro Announces Exercise of Contractual Right to Defer Interest Payment on Secured Notes
TORONTO, Dec. 1, 2017 /PRNewswire/ - Banro Corporation ("Banro" or the "Company") (NYSE American - "BAA"; TSX - "BAA") announced today that in accordance with the terms of the indenture (the "Indenture") governing its 10% secured notes due 2021, Banro has elected to defer payment of the approximately US$4.94 million interest payment due on December 1, 2017 (the "Interest Payment").  
Nov 21, 2017 08:05 am ET
IIROC Trade Halt - Banro Corporation
Toronto, Ontario--(Newsfile Corp. - November 21, 2017) - The following issues have been halted by IIROC:
Nov 21, 2017 07:07 am ET
IIROC Trading Halt - BAA
TORONTO, Nov. 21, 2017 /CNW/ - The following issues have been halted by IIROC:
Nov 13, 2017 06:30 am ET
Banro Provides Corporate Update
Banro Corporation ("Banro" or the "Company") (NYSE American: BAA)(NYSE MKT: BAA)(TSX: BAA) announced today that it continues to face significant ongoing, operational and financial challenges including short and long term liquidity constraints. The Company's ability to continue operations in the normal course of business is dependent on several factors, including securing funding for operations and to meet upcoming debt servicing and working capital requirements. In addition, mining operations at the Company's Namoya mine in Maniema Province of the Democratic Republic of
Nov 13, 2017 06:28 am ET
Banro Provides Corporate Update
Banro Corporation ("Banro" or the "Company") (NYSE American:BAA)(NYSE MKT:BAA)(TSX:BAA) announced today that it continues to face significant ongoing, operational and financial challenges including short and long term liquidity...
Oct 25, 2017 05:35 pm ET
Banro Announces Q3 2017 Production Results and Gold Delivery Deferrals
Banro Corporation ("Banro" or the "Company") (NYSE American: BAA)(NYSE MKT: BAA)(TSX: BAA) announces operating results for the third quarter ("Q3") of 2017.
Oct 25, 2017 05:35 pm ET
Banro Announces Q3 2017 Production Results and Gold Delivery Deferrals
Banro Corporation ("Banro" or the "Company") (NYSE American:BAA)(NYSE MKT:BAA)(TSX:BAA) announces operating results for the third quarter ("Q3") of 2017. Twangiza and Namoya produced 30,297 ounces of gold and 18,533 ounces of gold,...
Sep 25, 2017 08:47 am ET
Banro Provides Update on Namoya Mine
Banro Corporation (the "Company" or "Banro") (NYSE MKT: BAA)(TSX: BAA) reports that as a result of the closure of road access to the Company's Namoya mine in Maniema Province of the Democratic Republic of the Congo ("DRC"), mining operations at the Namoya mine have been temporarily suspended. The road access closure is due to the activities of local groups against both the local populations and against the DRC national army, and has resulted in the depletion of essential operating stock at site. The Company has taken steps to ensure the safety of its personnel
Sep 25, 2017 08:47 am ET
Banro Provides Update on Namoya Mine
Banro Corporation (the "Company" or "Banro") (NYSE MKT:BAA)(TSX:BAA) reports that as a result of the closure of road access to the Company's Namoya mine in Maniema Province of the Democratic Republic of the Congo ("DRC"), mining operations at the...
Aug 16, 2017 11:36 pm ET
Banro Announces Q2 2017 Financial and Operating Results
Banro Corporation ("Banro" or the "Company") (NYSE American:BAA)(NYSE MKT:BAA)(TSX:BAA) today announced its financial and operating results for the second quarter of 2017. FINANCIAL SUMMARY Revenue of $42...
Aug 16, 2017 11:36 pm ET
Banro Announces Q2 2017 Financial and Operating Results
Banro Corporation ("Banro" or the "Company") (NYSE American: BAA)(NYSE MKT: BAA)(TSX: BAA) today announced its financial and operating results for the second quarter of 2017.
Jul 17, 2017 09:19 am ET
Banro Announces Q2 2017 Production Results and Financing
Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) announces operating results for the second quarter of 2017. Twangiza and Namoya produced a combined 38,739 ounces of gold during the second quarter of 2017, for...
Jul 17, 2017 09:19 am ET
Banro Announces Q2 2017 Production Results and Financing
Banro Corporation ("Banro" or the "Company") (NYSE MKT: BAA)(TSX: BAA) announces operating results for the second quarter of 2017.
Jul 07, 2017 08:36 am ET
Banro Appoints New Chief Financial Officer
Banro Corporation (the "Company" or "Banro") (NYSE MKT:BAA)(TSX:BAA) is pleased to announce the appointment of Rory Taylor as Chief Financial Officer of Banro. Mr. Taylor is a senior finance executive with over 18 years of international public...
Jul 07, 2017 08:36 am ET
Banro Appoints New Chief Financial Officer
Banro Corporation (the "Company" or "Banro") (NYSE MKT: BAA)(TSX: BAA) is pleased to announce the appointment of Rory Taylor as Chief Financial Officer of Banro. Mr. Taylor is a senior finance executive with over 18 years of international public company experience. Most recently, Mr. Taylor served as Chief Financial Officer of Aura Minerals Inc. Before that, Mr. Taylor served in senior financial positions for various international companies including Endeavour Mining Corporation and Crew Gold Corporation. These companies owned and operated gold mines and various
Jul 06, 2017 08:35 am ET
Banro Reports Resumption of Operations at Namoya Mine
Banro Corporation (the "Company" or "Banro") (NYSE MKT:BAA)(TSX:BAA) is pleased to report that following the precautionary measures taken to evacuate staff from the Namoya mine on a temporary basis, as reported in the Company's July 3, 2017 press...
Jul 06, 2017 08:35 am ET
Banro Reports Resumption of Operations at Namoya Mine
Banro Corporation (the "Company" or "Banro") (NYSE MKT: BAA)(TSX: BAA) is pleased to report that following the precautionary measures taken to evacuate staff from the Namoya mine on a temporary basis, as reported in the Company's July 3, 2017 press release, staff have now returned to Namoya and mining operations have resumed.
Jun 30, 2017 05:25 pm ET
Banro Announces Election of Directors
Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) announces that the eight nominees listed in the Company's management information circular for the annual meeting of shareholders of the Company (the "Meeting") held on Friday, June...
Jun 30, 2017 05:25 pm ET
Banro Announces Election of Directors
Banro Corporation ("Banro" or the "Company") (NYSE MKT: BAA)(TSX: BAA) announces that the eight nominees listed in the Company's management information circular for the annual meeting of shareholders of the Company (the "Meeting") held on Friday, June 30, 2017 were elected at the Meeting as directors of Banro. The vote was conducted by a show of hands. The detailed results of the votes received by proxy are set out below:
Jun 28, 2017 08:55 am ET
Banro Provides Corporate Update
Banro Corporation (the "Company" or "Banro") (NYSE MKT: BAA)(TSX: BAA) announces that it has received notice from the NYSE MKT LLC (the "NYSE MKT") that Banro is back in compliance with the NYSE MKT's continued listing standards. Specifically, Banro has resolved the continued listing deficiency with respect to Section 1003(f)(v) of the NYSE MKT's Company Guide referenced in Banro's December 30, 2016 press release.
Jun 28, 2017 08:54 am ET
Banro Provides Corporate Update
Banro Corporation (the "Company" or "Banro") (NYSE MKT:BAA)(TSX:BAA) announces that it has received notice from the NYSE MKT LLC (the "NYSE MKT") that Banro is back in compliance with the NYSE MKT's continued listing standards. Specifically,...
Jun 09, 2017 09:11 am ET
Banro Provides Corporate Update
Banro Corporation (the "Company" or "Banro") (NYSE MKT:BAA)(TSX:BAA) announces that David Langille has stepped down from his role as Chief Financial Officer of the Company. The Company thanks Mr. Langille for his service to the Company and...
Jun 09, 2017 08:30 am ET
Banro Provides Corporate Update
Banro Corporation (the "Company" or "Banro") (NYSE MKT: BAA)(TSX: BAA) announces that David Langille has stepped down from his role as Chief Financial Officer of the Company. The Company thanks Mr. Langille for his service to the Company and wishes him well in his future endeavours. The board has appointed Michael Hankin Li as Banro's Interim Chief Financial Officer, and will conduct a search for a new Chief Financial Officer. Mr. Langille is assisting in the transition to Mr. Li.
May 28, 2017 06:40 pm ET
Banro Provides Update
Banro Corporation (the "Company" or "Banro") (NYSE MKT: BAA)(TSX: BAA) reports with great relief the safe release of its four colleagues after a long and difficult ordeal of being held in eastern Democratic Republic of the Congo. Banro extends its heartfelt thanks to all those in the community and government and so many others who supported our efforts to gain our colleagues' safe return. The priority now is to reunite our colleagues with their families and provide them with support. Banro asks all well-wishers to respect our colleagues' privacy and allow them the time
May 28, 2017 06:40 pm ET
Banro Provides Update
Banro Corporation (the "Company" or "Banro") (NYSE MKT:BAA)(TSX:BAA) reports with great relief the safe release of its four colleagues after a long and difficult ordeal of being held in eastern Democratic Republic of the Congo. Banro...
May 25, 2017 09:18 am ET
Banro Provides Update on Previous Incident at its Namoya Mine Site
Banro Corporation (the "Company" or "Banro") (NYSE MKT:BAA)(TSX:BAA) provides an update on the incident at its Namoya mine site reported in the Company's May 18, 2017 press release.  Mining day shift operations resumed at Namoya on...
May 25, 2017 09:18 am ET
Banro Provides Update on Previous Incident at its Namoya Mine Site
Banro Corporation (the "Company" or "Banro") (NYSE MKT: BAA)(TSX: BAA) provides an update on the incident at its Namoya mine site reported in the Company's May 18, 2017 press release.
May 22, 2017 07:26 pm ET
Banro Announces Terms of Share Consolidation
Banro Corporation (the "Company") (NYSE MKT:BAA)(TSX:BAA) announces the terms of the share consolidation (the "Consolidation") that was approved and authorized by the Company's shareholders at the special meeting of shareholders held on March 31,...
May 22, 2017 07:26 pm ET
Banro Announces Terms of Share Consolidation
Banro Corporation (the "Company") (NYSE MKT: BAA)(TSX: BAA) announces the terms of the share consolidation (the "Consolidation") that was approved and authorized by the Company's shareholders at the special meeting of shareholders held on March 31, 2017 (the "Meeting"). At the Meeting, shareholders authorized the board of directors of the Company (the "Board"), in its sole discretion at any time up to one year following the date of the Meeting, to consolidate the outstanding common shares of the Company ("Common Shares") at a ratio of ten
May 18, 2017 05:27 pm ET
Banro Reports Incident at Its Namoya Mine Site
Banro Corporation (the "Company" or "Banro") (NYSE MKT:BAA)(TSX:BAA) reports that there have been a series of attacks on police and military personnel in the village areas surrounding the Namoya mine. Subsequently there were attempts to enter...
May 18, 2017 05:27 pm ET
Banro Reports Incident at Its Namoya Mine Site
Banro Corporation (the "Company" or "Banro") (NYSE MKT: BAA)(TSX: BAA) reports that there have been a series of attacks on police and military personnel in the village areas surrounding the Namoya mine. Subsequently there were attempts to enter the Namoya mine camp by armed intruders, but they were repulsed by security. There was at least one fatality among the intruders, and one police fatality and one military personnel fatality. All of the Company's staff and workers were unharmed.
May 15, 2017 05:39 pm ET
Banro Announces Q1 2017 Financial and Operating Results
Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) today announced its financial and operating results for the first quarter of 2017. FINANCIAL SUMMARY Revenue of $55 million, a 19%...
May 15, 2017 05:39 pm ET
Banro Announces Q1 2017 Financial and Operating Results
Banro Corporation ("Banro" or the "Company") (NYSE MKT: BAA)(TSX: BAA) today announced its financial and operating results for the first quarter of 2017.
Apr 19, 2017 05:25 pm ET
Banro Completes Recapitalization Transactions
Banro Corporation ("Banro" or the "Company") (NYSE MKT: BAA)(TSX: BAA) is pleased to announce that it has successfully completed its recapitalization (the "Recapitalization") including the plan of arrangement (the "Plan") under Section 192 of the Canada Business Corporations Act to implement certain transactions thereunder all as described in the Company's management information circular dated February 27, 2017 (the "Circular"). Capitalized terms used in this press release not otherwise defined shall have the meaning ascribed thereto in the
Apr 19, 2017 05:25 pm ET
Banro Completes Recapitalization Transactions
Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) is pleased to announce that it has successfully completed its recapitalization (the "Recapitalization") including the plan of arrangement (the "Plan") under Section 192 of the...
Apr 13, 2017 06:34 pm ET
Banro Provides Update on Recapitalization Transactions
Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) is pleased to provide an update on the progression of the Company's recapitalization (the "Recapitalization") described in the Company's management information circular dated...
Apr 13, 2017 06:34 pm ET
Banro Provides Update on Recapitalization Transactions
Banro Corporation ("Banro" or the "Company") (NYSE MKT: BAA)(TSX: BAA) is pleased to provide an update on the progression of the Company's recapitalization (the "Recapitalization") described in the Company's management information circular dated February 27, 2016 (the "Circular"). Capitalized terms used in this press release not otherwise defined shall have the meaning ascribed thereto in the Circular.
Apr 13, 2017 04:59 pm ET
Banro Announces Q1 2017 Production Results
Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) announces preliminary operating results for the first quarter of 2017. Twangiza Update Mining productivity advanced during the first quarter of 2017, with...
Apr 13, 2017 04:59 pm ET
Banro Announces Q1 2017 Production Results
Banro Corporation ("Banro" or the "Company") (NYSE MKT: BAA)(TSX: BAA) announces preliminary operating results for the first quarter of 2017.
Apr 12, 2017 06:58 am ET
Banro Provides Exploration Update at Twangiza and Identifies New High-Grade Gold Mineralized Zone in the Ntula Prospect
Ongoing auger drilling program has outlined a 250 metre-long by 100 metre-wide bedrock mineralized zone within the 1.6 kilometre Twangiza West flanking structure. New high-grade mineralization intersected in adits at the Ntula prospect...
Apr 07, 2017 09:15 am ET
Banro Provides Update on Recapitalization Transactions
Banro Corporation ("Banro" or the "Company") (NYSE MKT: BAA)(TSX: BAA) is pleased to provide an update on the progression of the Company's recapitalization (the "Recapitalization") described in the Company's management information circular dated February 27, 2016 (the "Circular"). Banro reports that the Ontario Superior Court of Justice has issued the final order (the "Final Order") which, among other things, approves the plan of arrangement (the "Plan of Arrangement") under the Canada Business Corporations Act to implement certain
Apr 07, 2017 09:15 am ET
Banro Provides Update on Recapitalization Transactions
Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) is pleased to provide an update on the progression of the Company's recapitalization (the "Recapitalization") described in the Company's management information circular dated...
Apr 03, 2017 07:30 am ET
Banro Announces Year End 2016 Financial Results
Banro Corporation ("Banro" or the "Company") (NYSE MKT: BAA) (TSX: BAA) today announced its financial and operating results for the full year 2016 and fourth quarter 2016.
Apr 03, 2017 07:28 am ET
Banro Announces Year End 2016 Financial Results
Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA) (TSX:BAA) today announced its financial and operating results for the full year 2016 and fourth quarter 2016. FINANCIAL HIGHLIGHTS Record 2016...
Mar 31, 2017 02:38 pm ET
Banro Announces Results of Special Meeting of Holders of Common Shares, Meeting of Holders of 10% Senior Secured Notes and Special Meeting of Holders of Series A and Series B Preference Shares
Banro Corporation ("Banro" or the "Company") (NYSE MKT: BAA)(TSX: BAA) is pleased to announce that at a special meeting of holders of Banro common shares ("Common Shareholders"), a meeting of holders of Banro's 10% Senior Secured Notes due March 1, 2017 ("Noteholders"), and a special meeting of holders of Banro Series A Preference Shares and Series B Preference Shares ("Preference Shareholders"), in each case held on March 31, 2017 in Toronto (collectively, the "Meetings"), security holders overwhelmingly approved the Company's
Mar 31, 2017 02:37 pm ET
Banro Announces Results of Special Meeting of Holders of Common Shares, Meeting of Holders of 10% Senior Secured Notes and Special Meeting of Holders of Series A and Series B Preference Shares
Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) is pleased to announce that at a special meeting of holders of Banro common shares ("Common Shareholders"), a meeting of holders of Banro's 10% Senior Secured Notes due March 1,...
Mar 29, 2017 09:24 am ET
Banro Identifies a New Gold Mineralized Zone and Provides Updates on its Exploration Drilling Program at Namoya
Drilling at Namoya intersects further significant mineralization, including 11.0 metres grading 4.73 g/t Au from 17.0 metres, 5.0 metres grading 21.05 g/t Au from 29.0 metres, 29.0...
Feb 24, 2017 06:36 pm ET
Banro Provides Update on Recapitalization Transactions
Banro Corporation ("Banro" or the "Company") (NYSE MKT: BAA)(TSX: BAA) is pleased to provide an update on the progression of the Company's recapitalization (the "Recapitalization") announced in the Company's January 31, 2017 press release. Banro reports that, as contemplated by the terms of the Recapitalization, the Ontario Superior Court of Justice has issued the interim order (the "Interim Order") which, among other things, authorizes the Company to convene meetings of holders of its US$175 million senior secured notes ("Existing Notes")
Feb 24, 2017 06:36 pm ET
Banro Provides Update on Recapitalization Transactions
Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) is pleased to provide an update on the progression of the Company's recapitalization (the "Recapitalization") announced in the Company's January 31, 2017 press release. Banro...
Feb 07, 2017 11:09 am ET
Banro Reports Incident at its Twangiza Mine Site
Banro Corporation (the "Company" or "Banro") (NYSE MKT: BAA)(TSX: BAA) reports that on February 7, 2017, a group of armed robbers attempted to enter the gate of Banro's Twangiza mine site camp. In the process of this robbery attempt, three mine police officers and one of the armed robbers were killed, and a security guard was injured. One of the robbers is in the custody of local security agencies. No items were stolen and operations continue as normal.
Feb 07, 2017 11:09 am ET
Banro Reports Incident at its Twangiza Mine Site
Banro Corporation (the "Company" or "Banro") (NYSE MKT:BAA)(TSX:BAA) reports that on February 7, 2017, a group of armed robbers attempted to enter the gate of Banro's Twangiza mine site camp. In the process of this robbery attempt, three mine...
Jan 31, 2017 11:07 am ET
IIROC Trade Resumption - BAA
TORONTO, Jan. 31, 2017 /CNW/ - Trading resumes in:
Jan 31, 2017 10:59 am ET
Banro Announces Execution of Support Agreement for Recapitalization Transactions
Banro Corporation ("Banro" or the "Company") (NYSE MKT: BAA)(TSX: BAA) today announced that it has entered into a support agreement (the "Support Agreement") with major stakeholders to recapitalize the Company by refinancing a total of US$207.5 million of outstanding debt, equitizing the outstanding preferred shares and raising US$45 million by way of a gold forward sale (the "Recapitalization"). This Recapitalization is expected to reduce debt, improve liquidity, and position the Company to optimize operations and enhance its substantial gold mining
Jan 31, 2017 10:59 am ET
Banro Announces Execution of Support Agreement for Recapitalization Transactions
Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) today announced that it has entered into a support agreement (the "Support Agreement") with major stakeholders to recapitalize the Company by refinancing a total of US$207.5...
Jan 31, 2017 10:54 am ET
IIROC Trading Halt - BAA
TORONTO, Jan. 31, 2017 /CNW/ - The following issues have been halted by IIROC:
Jan 11, 2017 09:39 pm ET
Banro Announces Q4 and Record 2016 Production Results
Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) announces preliminary operating results for the fourth quarter of 2016. HIGHLIGHTS Twangiza and Namoya produced a combined 50,449 ounces...
Jan 11, 2017 09:39 pm ET
Banro Announces Q4 and Record 2016 Production Results
Banro Corporation ("Banro" or the "Company") (NYSE MKT: BAA)(TSX: BAA) announces preliminary operating results for the fourth quarter of 2016.
Dec 30, 2016 05:13 pm ET
Banro Provides a Corporate Update
Banro Corporation (the "Company") (NYSE MKT:BAA)(TSX:BAA) announces that it has received notice from the NYSE MKT LLC (the "NYSE MKT") pursuant to Section 1003(f)(v) of the NYSE MKT's Company Guide that, due to the Company's current low selling...
Dec 30, 2016 05:13 pm ET
Banro Provides a Corporate Update
Banro Corporation (the "Company") (NYSE MKT: BAA)(TSX: BAA) announces that it has received notice from the NYSE MKT LLC (the "NYSE MKT") pursuant to Section 1003(f)(v) of the NYSE MKT's Company Guide that, due to the Company's current low selling share price, the Company's continued listing on the NYSE MKT is contingent upon the Company effecting a share consolidation or otherwise demonstrating a sustained improvement in its share price within the next six months (or such longer period as may be agreed to by the NYSE MKT).
Nov 07, 2016 08:05 pm ET
Banro Announces Q3 2016 Financial and Operating Results
Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) today announced its financial and operating results for the third quarter of 2016. HIGHLIGHTS Record revenues in Q3 2016 of $67 million,...
Nov 07, 2016 08:05 pm ET
Banro Announces Q3 2016 Financial and Operating Results
Banro Corporation ("Banro" or the "Company") (NYSE MKT: BAA)(TSX: BAA) today announced its financial and operating results for the third quarter of 2016.
Nov 01, 2016 08:30 am ET
Banro Appoints New Chief Financial Officer
Banro Corporation ("Banro" or the "Company") (NYSE MKT: BAA)(TSX: BAA) is pleased to announce the appointment of Dave Langille as Chief Financial Officer of the Company, effective November 1, 2016.
Nov 01, 2016 08:28 am ET
Banro Appoints New Chief Financial Officer
Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) is pleased to announce the appointment of Dave Langille as Chief Financial Officer of the Company, effective November 1, 2016.  Mr. Langille is a senior strategic...
Oct 11, 2016 07:00 am ET
Banro Achieves Record Gold Production in Q3 as Namoya Delivers Steady-State Performance
Banro Corporation ("Banro" or the "Company") (NYSE MKT: BAA)(TSX: BAA) announces operating results for the third quarter of 2016.
Oct 11, 2016 06:58 am ET
Banro Achieves Record Gold Production in Q3 as Namoya Delivers Steady-State Performance
Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) announces operating results for the third quarter of 2016. Q3 OPERATIONAL HIGHLIGHTS Twangiza and Namoya produced a combined 53,377 ounces...
Sep 15, 2016 10:08 pm ET
Banro and Banro Group (Barbados) Limited Declare Dividends Payable on Series A Preference Shares of Banro and Preferred Shares of Banro Group (Barbados) Limited
Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) hereby notifies holders of Series A Preference Shares of Banro ("Banro Series A Shares") and holders of Preferred Shares of Banro Group (Barbados) Limited ("Barbados Preferred...
Sep 15, 2016 10:08 pm ET
Banro and Banro Group (Barbados) Limited Declare Dividends Payable on Series A Preference Shares of Banro and Preferred Shares of Banro Group (Barbados) Limited
Banro Corporation ("Banro" or the "Company") (NYSE MKT: BAA)(TSX: BAA) hereby notifies holders of Series A Preference Shares of Banro ("Banro Series A Shares") and holders of Preferred Shares of Banro Group (Barbados) Limited ("Barbados Preferred Shares") that (a) the board of directors of Banro has authorized and declared, in respect of the September 30, 2016 Dividend Payment Date, a dividend payable of US$0.80 per Banro Series A Share, and (b) the board of directors of Banro Group (Barbados) Limited has authorized and declared, in respect of the
Aug 10, 2016 06:21 pm ET
Banro Announces Q2 2016 and Half-Year Financial Results
Banro Corporation ("Banro" or the "Company") (NYSE MKT: BAA)(TSX: BAA) today announced its financial and operating results for the second quarter of 2016.
Aug 10, 2016 06:20 pm ET
Banro Announces Q2 2016 and Half-Year Financial Results
Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) today announced its financial and operating results for the second quarter of 2016. HIGHLIGHTS Q2 2016 consolidated (combined Twangiza and...
Jul 26, 2016 07:50 am ET
Banro Provides Corporate Update
Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA) (TSX:BAA) announces that Kevin Jennings, Chief Financial Officer of Banro, has accepted a position at another firm and will be resigning from the Company.  ''Kevin has been...
Jul 26, 2016 07:50 am ET
Banro Provides Corporate Update
Banro Corporation ("Banro" or the "Company") (NYSE MKT: BAA) (TSX: BAA) announces that Kevin Jennings, Chief Financial Officer of Banro, has accepted a position at another firm and will be resigning from the Company.
Jul 18, 2016 08:57 am ET
Banro Enters Into Gold Dore Purchase and Financing Arrangement with Baiyin
Banro Corporation ("Banro" or the "Company") (NYSE MKT: BAA)(TSX: BAA) announces that it has entered into a gold dore purchase agreement (the "Dore Agreement") in connection with a US$10 million loan facility (the "Facility") with Baiyin International Investment Ltd. ("Baiyin"). Baiyin is an affiliate of RFW Banro Investments Limited, a subsidiary of the Baiyin Stream Partnership I, LP, (a mining investment fund managed by Resources FinanceWorks Limited), which currently owns approximately 16.6% of the outstanding common shares of Banro. The
Jul 18, 2016 08:57 am ET
Banro Enters Into Gold Dore Purchase and Financing Arrangement with Baiyin
Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) announces that it has entered into a gold dore purchase agreement (the "Dore Agreement") in connection with a US$10 million loan facility (the "Facility") with Baiyin...
Jul 11, 2016 05:43 pm ET
Banro Achieves Record Gold Production Results in Q2 as Namoya Ramps Up to Full Production Levels
Banro Corporation ("Banro" or the "Company") (NYSE MKT: BAA)(TSX: BAA) announces operating results for the second quarter of 2016.
Jul 11, 2016 05:43 pm ET
Banro Achieves Record Gold Production Results in Q2 as Namoya Ramps Up to Full Production Levels
Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) announces operating results for the second quarter of 2016. Q2 OPERATIONAL HIGHLIGHTS Twangiza and Namoya produced a combined 49,673...
Jun 29, 2016 08:08 pm ET
Banro Announces Election of Directors
Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) announces that the seven nominees listed in the Company's management information circular for the annual meeting of shareholders of the Company (the "Meeting") held on Wednesday,...
Jun 29, 2016 08:08 pm ET
Banro Announces Election of Directors
Banro Corporation ("Banro" or the "Company") (NYSE MKT: BAA)(TSX: BAA) announces that the seven nominees listed in the Company's management information circular for the annual meeting of shareholders of the Company (the "Meeting") held on Wednesday, June 29, 2016 were elected at the Meeting as directors of Banro. The vote was conducted by a show of hands. The detailed results of the votes received by proxy are set out below:
Jun 18, 2016 08:53 am ET
Banro and Banro Group (Barbados) Limited Declare Dividends Payable on Series A Preference Shares of Banro and Preferred Shares of Banro Group (Barbados) Limited
Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) hereby notifies holders of Series A Preference Shares of Banro ("Banro Series A Shares") and holders of Preferred Shares of Banro Group (Barbados) Limited ("Barbados Preferred...
Jun 18, 2016 08:53 am ET
Banro and Banro Group (Barbados) Limited Declare Dividends Payable on Series A Preference Shares of Banro and Preferred Shares of Banro Group (Barbados) Limited
Banro Corporation ("Banro" or the "Company") (NYSE MKT: BAA)(TSX: BAA) hereby notifies holders of Series A Preference Shares of Banro ("Banro Series A Shares") and holders of Preferred Shares of Banro Group (Barbados) Limited ("Barbados Preferred Shares") that, further to the Company's press release of June 15, 2016, the board of directors of Banro has authorized and declared, in respect of the June 30, 2016 "Dividend Payment Date" (as defined in the articles of Banro), a dividend payable of US$0.70 per Banro Series A Share, and the board of
Jun 15, 2016 10:16 pm ET
Banro Provides Information for Holders of Series A Preference Shares of Banro and Preferred Shares of Banro Group (Barbados) Limited
Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) hereby notifies holders of Series A Preference Shares of Banro ("Banro Series A Shares") and holders of Preferred Shares of Banro Group (Barbados) Limited ("Barbados Preferred...
Jun 15, 2016 10:16 pm ET
Banro Provides Information for Holders of Series A Preference Shares of Banro and Preferred Shares of Banro Group (Barbados) Limited
Banro Corporation ("Banro" or the "Company") (NYSE MKT: BAA)(TSX: BAA) hereby notifies holders of Series A Preference Shares of Banro ("Banro Series A Shares") and holders of Preferred Shares of Banro Group (Barbados) Limited ("Barbados Preferred Shares") of the following information necessary to calculate the amount of dividends payable on such shares in respect of the June 30, 2016 Dividend Payment Date in the case of the Banro Series A Shares and in respect of the December 31, 2015 Dividend Payment Date in the case of the Barbados Preferred Shares.
Jun 13, 2016 07:00 am ET
Banro Foundation Wins "Community Development and Local Content" Award at the DRC Mining Industry Awards in Lubumbashi
Banro Corporation ("Banro" or the "Company") (NYSE MKT: BAA)(TSX: BAA) is pleased to announce that the Company's registered charity, the Banro Foundation, has received a major award at the DRC Mining Industry Awards for its social investment programs in the Democratic Republic of the Congo (the "DRC").
Jun 13, 2016 06:58 am ET
Banro Foundation Wins "Community Development and Local Content" Award at the DRC Mining Industry Awards in Lubumbashi
Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) is pleased to announce that the Company's registered charity, the Banro Foundation, has received a major award at the DRC Mining Industry Awards for its social investment programs...
May 20, 2016 05:23 pm ET
Banro Declares Dividends Payable on Series A Preference Shares of Banro
Banro Corporation ("Banro" or the "Company") (NYSE MKT: BAA)(TSX: BAA) hereby notifies holders of Series A Preference Shares of Banro ("Banro Series A Shares") that the Banro board of directors has authorized and declared, in respect of the December 31, 2015 Dividend Payment Date, a dividend payable of US$0.72 per Banro Series A Share and, in respect of the March 31, 2016 Dividend Payment Date, a dividend payable of US$0.735 per Banro Series A Share (such dividends referred to herein as the "Accrued Dividends").
May 20, 2016 05:23 pm ET
Banro Declares Dividends Payable on Series A Preference Shares of Banro
Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) hereby notifies holders of Series A Preference Shares of Banro ("Banro Series A Shares") that the Banro board of directors has authorized and declared, in respect of the December...
May 11, 2016 05:27 pm ET
Banro Announces Q1 2016 Financial Results
Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) today announced its financial and operating results for the first quarter of 2016. HIGHLIGHTS $98.75 million financing closed in...
May 11, 2016 05:27 pm ET
Banro Announces Q1 2016 Financial Results
Banro Corporation ("Banro" or the "Company") (NYSE MKT: BAA)(TSX: BAA) today announced its financial and operating results for the first quarter of 2016.