Banro appoints non-executive director to its board
July 18 2006 - 9:00AM
PR Newswire (US)
TORONTO, July 18 /PRNewswire-FirstCall/ -- Banro Corporation
("Banro" or the "Company") (AMEX - "BAA"; TSX - "BAA") is pleased
to announce the appointment of Piers Cumberlege to the Company's
board of directors as a non-executive director. Mr. Cumberlege is
Vice President, Private Equity at Cordiant Capital Inc., one of
Canada's leading investment firms dedicated to private equity and
debt investments in emerging and high growth markets. Mr.
Cumberlege has over 25 years of general management and investment
experience covering emerging markets, and has held senior positions
with companies such as Bombardier, GEC/Marconi and Hawker Siddeley
and served on the boards of a number of public and private
companies in Africa, the Commonwealth of Independent States, Asia
and Russia. He is currently a director of the Canada Council for
Africa and was formerly a member of the U.K. government's
Department of Industry and Trade's Tropical Africa Advisory Group.
Mr Cumberlege is a graduate of Oxford University. Commenting on Mr.
Cumberlege's appointment, Simon Village, Chairman of Banro, stated:
"We welcome Piers to the board and believe that his experience will
further strengthen the Company's expertise and governance, as we
advance the development of Banro's gold projects in the DRC." Banro
is a Canadian-based gold exploration company focused on the
development of four major, wholly-owned gold projects 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,
Banro's strategy is to unlock shareholder value by increasing and
developing its significant gold assets in a socially and
environmentally responsible manner. DATASOURCE: Banro Corporation
CONTACT: 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 or
1-800-714-7938.
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