Banro & Banro Group (Barbados) Limited Declare Dividends Payable on Series a Preference Shares of Banro & Preferred Shares of...
June 19 2014 - 10:55PM
Marketwired
Banro and Banro Group (Barbados) Limited Declare Dividends Payable
on Series a Preference Shares of Banro and Preferred Shares of
Banro Group (Barbados) Limited
TORONTO, ONTARIO--(Marketwired - Jun 19, 2014) - Banro
Corporation ("Banro" or the "Company") (TSX:BAA)(NYSEMKT: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 13, 2014, the board of
directors of each of Banro and Banro Group (Barbados) Limited has
authorized and declared a dividend payable of US$0.57 per Banro
Series A Share and Barbados Preferred Share.
The dividend is payable to holders of record of Banro Series A
Shares and Barbados Preferred Shares on June 26, 2014 and will be
paid on June 30, 2014.
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. Led by a
proven management team with extensive gold and African experience,
the initial focus of the Company is on the mining of oxide
material, which has a low capital intensity to develop but also
attracts a lower technical and financial risk to the Company. All
business activities are followed in a socially and environmentally
responsible manner.
Banro CorporationNaomi NemethInvestor Relations+1 (416) 366-9189
or +1-800-714-7938, Ext. 2802info@banro.comwww.banro.com
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