Banro Corp. is pleased to announce the appointment of Mr. Brett A. Richards as the Chairman and Chief Executive Officer of Banro, with immediate effect. Mr. Richards is a senior mining and metals executive with over 32 years of sector experience in mine development, senior level operations, mine financing and mergers and acquisitions. He brings [...]
Today, Banro Corp. announced the effectiveness of its Amended Consolidated Plan of Compromise and Reorganization, which, as previously announced, was sanctioned by the Ontario Superior Court of Justice on March 27, 2018 in connection with the implementation of the Recapitalization Plan and the Company's emergence from protection under the [...]
Banro Corporation and its Barbados-based subsidiaries are pleased to announce that the Ontario Superior Court of Justice has sanctioned the Companies' Amended Consolidated Plan of Compromise and Reorganization. The Companies are now working towards satisfying conditions precedent and closing the recapitalization transaction as soon as possible. The [...]
Banro Corp. and its Barbados-based subsidiaries are pleased to announce the approval of the Companies' Amended Consolidated Plan of Compromise and Reorganization by the secured creditors and the unsecured creditors affected by the previously announced comprehensive restructuring transaction. The resolution approving the Recapitalization Plan [...]
Banro Corp. and its Barbados-based subsidiaries announce that, in connection with the Companies' restructuring proceedings under the Companies' Creditors Arrangement Act, the Companies intend to proceed with the Amended Consolidated Plan of Compromise and Reorganization. As previously announced, Banro entered into a Support Agreement with certain [...]
Banro Corp. and its Barbados-based subsidiaries wish to advise all Affected Creditors that, in connection with the Companies' restructuring proceedings under the Companies' Creditors Arrangement Act, the Third Report of the court-appointed Monitor, FTI Consulting Canada Inc., has been served in accordance with the Meeting Order and is available for [...]
Banro Corp. announced today their consolidated plan of compromise and reorganization has been accepted for filing by the Ontario Superior Court of Justice in connection with the Companies' restructuring proceedings under the Companies' Creditors Arrangement Act. This filing marks a major milestone in the Court-supervised restructuring process under [...]
On December 22, 2017, Banro Corp. commenced restructuring proceedings under the Companies' Creditors Arrangement Act pursuant to an initial order granted by the Ontario Superior Court of Justice. FTI Consulting Canada Inc. has been appointed Monitor of the Companies for the CCAA proceedings. Pursuant to an order of the Court dated January 18, 2018 [...]
TORONTO, Jan. 18, 2018 /CNW/ - Banro Corp. announced today that the Company and its Barbados based subsidiaries have obtained approval from the Ontario Superior Court of Justice to commence a sales and investment solicitation process in the context of its proceedings under the Companies' Creditors Arrangement Act . Banro also announced that [...]
TORONTO, Jan. 10, 2018 /CNW/ - Banro Corp. announces operating results for the fourth quarter of 2017. HIGHLIGHTS Twangiza and Namoya produced a combined 45,197 ounces of gold during the fourth quarter of 2017, for 2017 annual consolidated gold production of 178,980 ounces. Twangiza produced 36,871 ounces of gold in the fourth quarter of 2017, for [...]
Banro reports that mining operations at the Company's Namoya mine have recommenced, as a result of the reestablishment of the road access to the mine. The Company is grateful for the support of both the regional and national governments during this period. The Company intends to progressively ramp up production at Namoya during January. As reported [...]
TORONTO, Dec. 27, 2017 /CNW/ - Banro Corp. announces that the Company has received notice that the Continued Listings Committee of the Toronto Stock Exchange has determined to delist the Company's common shares from the TSX effective at the close of market on January 22, 2018. The Company does not intend to appeal the decision. The Company's [...]
