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Banro Corporation
  Tue Sep 29, 2015
Banro Provides a Corporate Update

 

TORONTO, ONTARIO--(Marketwired - Sept. 29, 2015) - 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 there being a sustained increase in its share price within the next six months or such longer period as may be agreed to by the NYSE MKT.

Banro Corporation is a Canadian gold mining company focused on production from the Twangiza mine, which began commercial production September 1, 2012, and completion of its second gold mine at Namoya located approximately 200 kilometres southwest of the Twangiza gold mine. The Company's longer term objectives include the development of two additional major, wholly-owned gold projects, Lugushwa and Kamituga. The four projects, each of which has a mining license, are located along the 210 kilometre long Twangiza-Namoya gold belt in the South Kivu and Maniema provinces of the Democratic Republic of the Congo. All business activities are followed in a socially and environmentally responsible manner.

For further information, please visit our website at www.banro.com.

 

You can view the Previous News Releases item: Tue Oct 13, 2015, Banro Announces Q3 Production Results

You can view the Next News Releases item: Fri Sep 18, 2015, Banro Reports High Grade Drill Results at Namoya and Provides Corporate Update

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