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Stock Market & Financial Investment News

News Breaks
June 17, 2014
08:12 EDTBAABanro Corporation urges holders to vote BLUE proxy card
Banro Corporation issued the following letter to its shareholders from board chairman Richard Brissenden and CEO John Clarke urging them to vote FOR all of management's director nominees using only Banro's BLUE proxy.
News For BAA From The Last 14 Days
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October 15, 2014
10:03 EDTBAABanro Corporation progressing towards financing agreements with Gold Holding
Banro Corporation announced that, pursuant to the memorandum of understanding announced by Banro on August 18, it is progressing towards finalizing the definitive agreements with Gold Holding Ltd for the two gold sale transactions to raise $121M in financing for Banro, the first such transaction for $41M relating to the Twangiza mine and the second transaction for $80M relating to the Namoya mine. Banro and Gold Holding expect to sign the definitive agreement related to the Twangiza transaction in one week to 10 business days and to close this transaction within a month. Banro and Gold Holding also expect the Namoya transaction to close by mid-December, subject to finalizing the definitive agreements.

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