Banro Declares Dividends Payable on Series A Preference Shares of Banro
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 05/20/16 -- Banro Corporation ("Banro" or the "Company") (NYSE MKT: BAA)(TSX: BAA) hereby notifies holders of Series A Preference Shares of Banro ("Banro Series A Shares") that the Banro board of directors has authorized and declared, in respect of the December 31, 2015 Dividend Payment Date, a dividend payable of US$0.72 per Banro Series A Share and, in respect of the March 31, 2016 Dividend Payment Date, a dividend payable of US$0.735 per Banro Series A Share (such dividends referred to herein as the "Accrued Dividends").
The Accrued Dividends are payable to holders of record of Banro Series A Shares on May 27, 2016 and will be paid on May 30, 2016.
In accordance with the requirements of the Banro articles, Banro hereby notifies holders of Banro Series A Shares of the following information necessary to calculate the amount of the Accrued Dividends. Defined terms used in this press release which are not otherwise defined shall have the meaning given to them in the Banro articles.
Banro Corporation is a Canadian gold mining company focused on production from the Twangiza mine, which began commercial production September 1, 2012, and the ramp-up to full production at its second gold mine at Namoya, where commercial production was declared effective January 1, 2016. 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. All business activities are followed in a socially and environmentally responsible manner.
For further information, please visit our website at .
Contacts:
Banro Corporation
Martin Jones
+1 (416) 366-2221, Ext. 3213 or +1-800-714-7938, Ext. 3213
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Datum: 20.05.2016 - 15:23 Uhr
Sprache: Deutsch
News-ID 1436606
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