Banro Corp (BAA) 0.18 $BAA
Banro and Gold Holding Advance Toward Definitive Agreements for Banro's US$121 Million Financing
Marketwired - Wed Oct 15, 9:03AM CDT
Banro Corporation ("Banro"
(NYSE MKT: BAA)(TSX: BAA) is pleased to announce that, pursuant to the memorandum of understanding announced by Banro on August 18, 2014, it is progressing towards finalizing the definitive agreements with Gold Holding Ltd. ("Gold Holding" for the two gold sale transactions to raise US$121 million in financing for Banro, the first such transaction for US$41 million relating to the Twangiza mine and the second transaction for US$80 million 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.
BAA.TO: 0.20 (+0.01), BAA: 0.18 (+0.01)
Metals and Mining Stocks Roundup -- McEwen Mining, Cia de Minas Buenaventura, Banro, Stillwater Mining, and Silvercorp Metals
PR Newswire - Tue Oct 14, 8:20AM CDT
Investor-Edge has initiated coverage on the following equities: McEwen Mining Inc. (NYSE: MUX), Cia de Minas Buenaventura SAA (NYSE: BVN), Banro Corporation (NYSE MKT: BAA), Stillwater Mining Company (NYSE: SWC), and Silvercorp Metals Inc. (NYSE: SVM). Free research on these five companies can be accessed at: http://investor-edge.com/register. The US markets on Monday, October 13, 2014, ended on a negative note as the Dow Jones Industrial Average finished at 16,321.07, down 1.35% and the NASDAQ Composite closed at 4,213.66, down 1.46%. The S&P 500 finished the session 1.65% lower at 1,874.74. During the trading session, all the ten sectors finished on a lower note. The S&P 500 Materials Sector Index ended the day at 284.05, down 2.62%, with the index declining 9.32% in the previous three months. Register for your complimentary reports on these five stocks at:
BVN: 10.96 (+0.05), SWC: 13.84 (+0.17), BAA: 0.18 (+0.01), SVM: 1.54 (+0.02), MUX: 1.60 (-0.01)
Banro Provides Q3 2014 Production Update for its Twangiza Gold Mine, DRC, and Brief Operations Overview
Marketwire - Tue Oct 07, 5:37AM CDT
Banro Corporation ("Banro" or the "Company" (NYSE MKT: BAA)(TSX: BAA) is pleased to report an increase of more than 30% in gold production at its Twangiza mine over the third quarter of 2013 and to provide a brief operations update for its Twangiza and Namoya gold mines in the Democratic Republic of the Congo (the "DRC" .
BAA.TO: 0.20 (+0.01), BAA: 0.18 (+0.01)
Banro Comments on Market Activity
Marketwire - Mon Sep 22, 2:01AM CDT
Banro Corporation ("Banro" or the "Company" (NYSE MKT: BAA) (TSX: BAA) wishes to comment on the unusual market activity and volatility of its common shares experienced on both the Toronto and New York (MKT) stock exchanges on Friday September 19. The Company continues with the plans set out in its August 18, 2014 press release and has no news pending at this time and no material changes to report.
BAA.TO: 0.20 (+0.01), BAA: 0.18 (+0.01)
Metals and Mining Equities Technical Coverage -- Banro, Kinross Gold, Barrick Gold, AK Steel Holding, and CiaSiderurgica Nacional
PR Newswire - Tue Aug 26, 8:00AM CDT
On Monday, August 25, 2014, the NASDAQ Composite ended at 4,557.35, up 0.41%, the Dow Jones Industrial Average finished the day 0.44% higher at 17,076.87, and the S&P 500 closed at 1,997.92, up 0.48%. The gains were broad based as all the ten sectors ended the session in positive. The S&P 500 Materials Sector Index ended the day at 317.04, up 0.37%, with the index advancing 3.69% in the previous three months. Investor-Edge has initiated coverage on the following equities: Banro Corporation (NYSE MKT: BAA), Kinross Gold Corporation (NYSE: KGC), Barrick Gold Corporation (NYSE: ABX), AK Steel Holding Corporation (NYSE: AKS), and CiaSiderurgica Nacional S.A. (NYSE: SID). Free research on these five companies can be accessed at:
SID: 3.40 (+0.07), ABX: 13.45 (+0.06), KGC: 2.72 (-0.06), AKS: 7.19 (+0.44), BAA: 0.18 (+0.01)
IIROC Trade Resumption - Banro Corporation
Newsfile Corp - Mon Aug 18, 3:31PM CDT
Trading resumes in:
BAA: 0.18 (+0.01)
IIROC Trade Resumption - BAA
CNW Group - Mon Aug 18, 3:31PM CDT
Trading resumes in:
BAA.TO: 0.20 (+0.01), BAA: 0.18 (+0.01)
IIROC Trading Halt - BAA
CNW Group - Mon Aug 18, 3:05PM CDT
The following issues have been halted by IIROC:
BAA.TO: 0.20 (+0.01), BAA: 0.18 (+0.01)
Banro Announces Financing Plan and Certain Senior Management Changes
Marketwire - Mon Aug 18, 2:46PM CDT
Banro Corporation ("Banro" or the "Company" (NYSE MKT: BAA) (TSX: BAA) announces that it has developed a comprehensive financing plan to stabilize the financial condition of the Company and secure the funds required to achieve full production capacity at its Namoya mine. The financing plan includes the closing of a US$35.5 million liquidity backstop facility today with investment funds managed by Gramercy Funds Management LLC, and the signing of a memorandum of understanding with a private gold group for a US$41 million gold forward sale and a US$80 million gold streaming transaction, both of which are targeted to close in October 2014. The Company developed this program after reviewing financing alternatives with its financial advisors, CIBC World Markets Inc. and Mining Research Group Inc. The Company also announces that Kevin Jennings will be joining Banro as Senior Vice President and Chief Financial Officer effective September 1, 2014 at which date Donat Madilo, the Company's current Chief Financial Officer, will be appointed by Banro to the new role of Senior Vice President, Commercial and DRC Affairs.
BAA.TO: 0.20 (+0.01), BAA: 0.18 (+0.01)
IIROC Trade Halt - Banro Corporation
Newsfile Corp - Mon Aug 18, 2:46PM CDT
The following issues have been halted by IIROC:
BAA: 0.18 (+0.01)
Traders Get Bullish on Shares of Banro, Shares Up 5.2% (BAA)
Comtex SmarTrend(R) - Mon Aug 18, 11:37AM CDT
Banro (AMEX:BAA) is one of today's best performing penny stocks, up 5.2% to $0.19 on 3.1x average daily volume. Thus far today, Banro has traded 4.4 million shares, vs. average volume of 1.4 million shares per day. The stock has outperformed the Dow (5.2% to the Dow's 1.0%) and outperformed the S&P 500 (5.2% to the S&P's 0.8%) during today's trading.
BAA: 0.18 (+0.01)
Stock to Watch: Banro Down 6.1% (BAA)
Comtex SmarTrend(R) - Fri Aug 15, 10:38AM CDT
Banro (AMEX:BAA) is one of today's worst performing penny stocks, down 6.1% to $0.20 on 1.4x average daily volume. Banro has traded 2.0 million shares thus far today, vs. average volume of 1.4 million shares per day. The stock has underperformed the Dow (-7.8% to the Dow's -0.5%) and underperformed the S&P 500 (-7.8% to the S&P's -0.3%) during today's trading.
BAA: 0.18 (+0.01)
Banro Announces Q2 2014 Financial Results
Marketwire - Thu Aug 14, 7:26PM CDT
Banro Corporation ("Banro" or the "Company" (NYSE MKT: BAA)(TSX: BAA) today announced its financial and operating results for the second quarter of 2014.
BAA.TO: 0.20 (+0.01), BAA: 0.18 (+0.01)
Banro Provides a Corporate Update
Marketwire - Wed Jul 30, 10:26PM CDT
Banro Corporation ("Banro" or the "Company" (NYSE MKT: BAA)(TSX: BAA) wishes to provide a corporate update in respect of its financial requirements.
BAA.TO: 0.20 (+0.01), BAA: 0.18 (+0.01)
Banro and Gold Holding Advance Toward Definitive Agreements for Banro's US$121 Million Financing
Marketwired - Wed Oct 15, 9:03AM CDT
Banro Corporation ("Banro"
(NYSE MKT: BAA)(TSX: BAA) is pleased to announce that, pursuant to the memorandum of understanding announced by Banro on August 18, 2014, it is progressing towards finalizing the definitive agreements with Gold Holding Ltd. ("Gold Holding" for the two gold sale transactions to raise US$121 million in financing for Banro, the first such transaction for US$41 million relating to the Twangiza mine and the second transaction for US$80 million 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. BAA.TO: 0.20 (+0.01), BAA: 0.18 (+0.01)
Metals and Mining Stocks Roundup -- McEwen Mining, Cia de Minas Buenaventura, Banro, Stillwater Mining, and Silvercorp Metals
PR Newswire - Tue Oct 14, 8:20AM CDT
Investor-Edge has initiated coverage on the following equities: McEwen Mining Inc. (NYSE: MUX), Cia de Minas Buenaventura SAA (NYSE: BVN), Banro Corporation (NYSE MKT: BAA), Stillwater Mining Company (NYSE: SWC), and Silvercorp Metals Inc. (NYSE: SVM). Free research on these five companies can be accessed at: http://investor-edge.com/register. The US markets on Monday, October 13, 2014, ended on a negative note as the Dow Jones Industrial Average finished at 16,321.07, down 1.35% and the NASDAQ Composite closed at 4,213.66, down 1.46%. The S&P 500 finished the session 1.65% lower at 1,874.74. During the trading session, all the ten sectors finished on a lower note. The S&P 500 Materials Sector Index ended the day at 284.05, down 2.62%, with the index declining 9.32% in the previous three months. Register for your complimentary reports on these five stocks at:
BVN: 10.96 (+0.05), SWC: 13.84 (+0.17), BAA: 0.18 (+0.01), SVM: 1.54 (+0.02), MUX: 1.60 (-0.01)
Banro Provides Q3 2014 Production Update for its Twangiza Gold Mine, DRC, and Brief Operations Overview
Marketwire - Tue Oct 07, 5:37AM CDT
Banro Corporation ("Banro" or the "Company"
(NYSE MKT: BAA)(TSX: BAA) is pleased to report an increase of more than 30% in gold production at its Twangiza mine over the third quarter of 2013 and to provide a brief operations update for its Twangiza and Namoya gold mines in the Democratic Republic of the Congo (the "DRC" . BAA.TO: 0.20 (+0.01), BAA: 0.18 (+0.01)
Banro Comments on Market Activity
Marketwire - Mon Sep 22, 2:01AM CDT
Banro Corporation ("Banro" or the "Company"
(NYSE MKT: BAA) (TSX: BAA) wishes to comment on the unusual market activity and volatility of its common shares experienced on both the Toronto and New York (MKT) stock exchanges on Friday September 19. The Company continues with the plans set out in its August 18, 2014 press release and has no news pending at this time and no material changes to report. BAA.TO: 0.20 (+0.01), BAA: 0.18 (+0.01)
Metals and Mining Equities Technical Coverage -- Banro, Kinross Gold, Barrick Gold, AK Steel Holding, and CiaSiderurgica Nacional
PR Newswire - Tue Aug 26, 8:00AM CDT
On Monday, August 25, 2014, the NASDAQ Composite ended at 4,557.35, up 0.41%, the Dow Jones Industrial Average finished the day 0.44% higher at 17,076.87, and the S&P 500 closed at 1,997.92, up 0.48%. The gains were broad based as all the ten sectors ended the session in positive. The S&P 500 Materials Sector Index ended the day at 317.04, up 0.37%, with the index advancing 3.69% in the previous three months. Investor-Edge has initiated coverage on the following equities: Banro Corporation (NYSE MKT: BAA), Kinross Gold Corporation (NYSE: KGC), Barrick Gold Corporation (NYSE: ABX), AK Steel Holding Corporation (NYSE: AKS), and CiaSiderurgica Nacional S.A. (NYSE: SID). Free research on these five companies can be accessed at:
SID: 3.40 (+0.07), ABX: 13.45 (+0.06), KGC: 2.72 (-0.06), AKS: 7.19 (+0.44), BAA: 0.18 (+0.01)
IIROC Trade Resumption - Banro Corporation
Newsfile Corp - Mon Aug 18, 3:31PM CDT
Trading resumes in:
BAA: 0.18 (+0.01)
IIROC Trade Resumption - BAA
CNW Group - Mon Aug 18, 3:31PM CDT
Trading resumes in:
BAA.TO: 0.20 (+0.01), BAA: 0.18 (+0.01)
IIROC Trading Halt - BAA
CNW Group - Mon Aug 18, 3:05PM CDT
The following issues have been halted by IIROC:
BAA.TO: 0.20 (+0.01), BAA: 0.18 (+0.01)
Banro Announces Financing Plan and Certain Senior Management Changes
Marketwire - Mon Aug 18, 2:46PM CDT
Banro Corporation ("Banro" or the "Company"
(NYSE MKT: BAA) (TSX: BAA) announces that it has developed a comprehensive financing plan to stabilize the financial condition of the Company and secure the funds required to achieve full production capacity at its Namoya mine. The financing plan includes the closing of a US$35.5 million liquidity backstop facility today with investment funds managed by Gramercy Funds Management LLC, and the signing of a memorandum of understanding with a private gold group for a US$41 million gold forward sale and a US$80 million gold streaming transaction, both of which are targeted to close in October 2014. The Company developed this program after reviewing financing alternatives with its financial advisors, CIBC World Markets Inc. and Mining Research Group Inc. The Company also announces that Kevin Jennings will be joining Banro as Senior Vice President and Chief Financial Officer effective September 1, 2014 at which date Donat Madilo, the Company's current Chief Financial Officer, will be appointed by Banro to the new role of Senior Vice President, Commercial and DRC Affairs. BAA.TO: 0.20 (+0.01), BAA: 0.18 (+0.01)
IIROC Trade Halt - Banro Corporation
Newsfile Corp - Mon Aug 18, 2:46PM CDT
The following issues have been halted by IIROC:
BAA: 0.18 (+0.01)
Traders Get Bullish on Shares of Banro, Shares Up 5.2% (BAA)
Comtex SmarTrend(R) - Mon Aug 18, 11:37AM CDT
Banro (AMEX:BAA) is one of today's best performing penny stocks, up 5.2% to $0.19 on 3.1x average daily volume. Thus far today, Banro has traded 4.4 million shares, vs. average volume of 1.4 million shares per day. The stock has outperformed the Dow (5.2% to the Dow's 1.0%) and outperformed the S&P 500 (5.2% to the S&P's 0.8%) during today's trading.
BAA: 0.18 (+0.01)
Stock to Watch: Banro Down 6.1% (BAA)
Comtex SmarTrend(R) - Fri Aug 15, 10:38AM CDT
Banro (AMEX:BAA) is one of today's worst performing penny stocks, down 6.1% to $0.20 on 1.4x average daily volume. Banro has traded 2.0 million shares thus far today, vs. average volume of 1.4 million shares per day. The stock has underperformed the Dow (-7.8% to the Dow's -0.5%) and underperformed the S&P 500 (-7.8% to the S&P's -0.3%) during today's trading.
BAA: 0.18 (+0.01)
Banro Announces Q2 2014 Financial Results
Marketwire - Thu Aug 14, 7:26PM CDT
Banro Corporation ("Banro" or the "Company"
(NYSE MKT: BAA)(TSX: BAA) today announced its financial and operating results for the second quarter of 2014. BAA.TO: 0.20 (+0.01), BAA: 0.18 (+0.01)
Banro Provides a Corporate Update
Marketwire - Wed Jul 30, 10:26PM CDT
Banro Corporation ("Banro" or the "Company"
(NYSE MKT: BAA)(TSX: BAA) wishes to provide a corporate update in respect of its financial requirements. BAA.TO: 0.20 (+0.01), BAA: 0.18 (+0.01)
