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TORONTO, ONTARIO--(Marketwired - Sept. 29, 2015) - Banro Corporation (the 'Company') (NYSE MKT:BAA)(TSX:BAA) announces that it has received notice from the NYSE MKT LLC (the 'NYSE MKT') pursuant to Section 1003(f)(v) of the NYSE MKT's Company Guide that, due to the Company's current low selling share price, the Company's continued listing on the NYSE MKT is contingent upon there being a sustained increase in its share price within the next six months or such longer period as may be agreed to by the NYSE MKT.
Banro Corporation is a Canadian gold mining company focused on production from the Twangiza mine, which began commercial production September 1, 2012, and completion of its second gold mine at Namoya located approximately 200 kilometres southwest of the Twangiza gold mine. 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 www.banro.com.
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Banro Corporation
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PRODUCER |
CODE : BAA |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Banro is a gold producing company based in Canada. Banro holds various exploration projects in Congo Dem. Rep. of. Its main assets in production are LUGUSHWA and KAMITUGA in Congo Dem. Rep. of and its main assets in development are TWANGIZA and NAMOYA in Congo Dem. Rep. of. Banro is listed in Canada and in United States of America. Its market capitalisation is US$ 120.8 millions as of today (€ 102.0 millions). Its stock quote reached its highest recent level on August 31, 2007 at US$ 9.96, and its lowest recent point on May 26, 2017 at US$ 0.07. Banro has 1 098 579 968 shares outstanding. |