Banro Provides Information for Holders of Series A Preference Shares of Banro and Preferred Shares of Banro Group (Barbados) Limited
(firmenpresse) - TORONTO, CANADA -- (Marketwired) -- 06/15/16 -- 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") and holders of Preferred Shares of Banro Group (Barbados) Limited ("Barbados Preferred Shares") of the following information necessary to calculate the amount of dividends payable on such shares in respect of the June 30, 2016 Dividend Payment Date in the case of the Banro Series A Shares and in respect of the December 31, 2015 Dividend Payment Date in the case of the Barbados Preferred Shares. This information is being provided in accordance with the terms of such shares. Defined terms in this press release which are not otherwise defined shall have the meaning given to them in the articles of Banro and Banro Group (Barbados) Limited ("Barbados Subco"). The following information is provided with respect to the Banro Series A Shares:
The following information is provided with respect to the Barbados Preferred Shares:
If, as and when dividends are authorized and declared by Banro in respect of the June 30, 2016 Dividend Payment Date, the dividend payable per Banro Series A Share will be US$0.70. If, as and when dividends are authorized and declared by Barbados Subco in respect of the December 31, 2015 Dividend Payment Date, the dividend payable per Barbados Preferred Share will be US$0.72.
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
+1-800-714-7938, Ext. 3213
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Datum: 15.06.2016 - 20:16 Uhr
Sprache: Deutsch
News-ID 1441786
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