Banro Announces Execution of Support Agreement for Recapitalization Transactions - " Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(BAA.TO) today announced that it has entered into a support agreement (the "Support Agreement") with major stakeholders to recapitalize the Company by refinancing a total of US$207.5 million of outstanding debt, equitizing the outstanding preferred shares and raising US$45 million by way of a gold forward sale (the "Recapitalization"). This Recapitalization is expected to reduce debt, improve liquidity, and position the Company to optimize operations and enhance its substantial gold mining assets in the Democratic Republic of the Congo (the "DRC")." More
- 01/31/17 | Item |


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