Banro Begins Trading on American Stock Exchange
March 28 2005 - 10:55AM
PR Newswire (US)
Banro Begins Trading on American Stock Exchange TORONTO, March 28
/PRNewswire-FirstCall/ -- Banro Corporation ("The Company") (AMEX:
"BAA"; TSX-V: "BAA") is pleased to announce that its common shares
have been approved for listing on the American Stock Exchange
(AMEX). The Company's shares began trading on AMEX at the open
today, Monday, March 28, 2005, under the ticker symbol "BAA". The
Company's AMEX specialist is J. Streicher & Co. LLC. The
Company's common shares will continue to trade on the TSX Venture
Exchange under the trading symbol "BAA". "The Amex listing has been
undertaken to improve the accessibility and liquidity of the
shares, specifically for global investors, as well as broaden the
potential reach to the capital markets. The latter will support
Banro's future growth and assist in unlocking value for
shareholders from our significant gold projects," stated Peter
Cowley, President and Chief Executive Officer. Banro is a
Canadian-based gold exploration company focused on the development
of its four wholly-owned properties in the South Kivu and Maniema
provinces of the Democratic Republic of the Congo. The AMEX listing
approval is contingent on the Company being in compliance with all
applicable listing standards on the date it begins trading on the
AMEX and may be rescinded if the Company is not in compliance with
such standards. FORWARD-LOOKING STATEMENTS: This news release
contains certain "forward-looking statements" within the meaning of
Section 21E of the United States Securities Exchange Act of 1934,
as amended. Except for statements of historical fact relating to
the Company, certain information contained herein constitutes
forward-looking statements. Forward-looking statements are
frequently characterized by words such as "plan," "expect,"
"project," "intend," "believe," "anticipate", "estimate" and other
similar words, or statements that certain events or conditions
"may" or "will" occur. Forward-looking statements are based on the
opinions and estimates of management at the date the statements are
made, and are subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ
materially from those projected in the forward-looking statements.
These factors include the inherent risks involved in the
exploration and development of mineral properties, the
uncertainties involved in interpreting drilling results and other
ecological data, fluctuating metal prices, the possibility of
project cost overruns or unanticipated costs and expenses,
uncertainties relating to the availability and costs of financing
needed in the future and other factors. The Company undertakes no
obligation to update forward-looking statements if circumstances or
management's estimates or opinions should change. The reader is
cautioned not to place undue reliance on forward-looking statements
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this press release. DATASOURCE: Banro
Corporation CONTACT: For further information, please visit our
website at http://www.banro.com/, or contact: Peter Cowley,
President and C.E.O., United Kingdom, Tel: (44) 790-454-0856;
Arnold T. Kondrat, Executive Vice-President, Toronto, Ontario; or
Martin Jones, Vice-President, Corporate Development, Toronto,
Ontario, Tel: (416) 366-2221
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