TORONTO, June 13, 2011 /CNW/ - Banro Corporation ("Banro" or the
"Company") (NYSE AMEX: BAA) (TSX:BAA) is pleased to announce that the
Banro Foundation, a charity in the Democratic Republic of the Congo
(the "DRC"), has led the effort to raise $80,000 for the world-renowned
Panzi Hospital in the eastern Democratic Republic of the Congo (the
A general referral hospital located in the city of Bukavu, the Panzi has
earned a global reputation in the field of medical care for women,
including women who have been victims of sexual violence. The Panzi
Hospital treats an average of 3,500 women each year, free of charge.
The donation will be used to support construction of a multipurpose
women's health centre at the Panzi Hospital to support prenatal
consultation, family planning and HIV sensitization, child health and
other activities related to women's health.
The funds were raised through a golf tournament held near Toronto on
June 9, 2011. Macleod Dixon LLP and Kilo Goldmines were lead sponsors
of the event. Co-sponsors were Banlaw Africa, CIBC World Markets, GMP
Securities, Loncor Resources, GMP Europe, Cormark Securities, SENET,
SRK Consulting, SGS, TD Bank, RBC Dominion Securities, Adnet
Communications, BDO Canada and Collins Barrow Toronto LLP. Banro and
the Banro Foundation thank all sponsors for their generous support of
The Banro Foundation is a registered charity based in Bukavu, DRC and
funded by the Company with a mandate to improve the lives of thousands
of people living in South Kivu and Maniema provinces through strategic
investments in education, health and infrastructure development and to
provide humanitarian assistance as needed. Among the principles guiding
the work of the Banro Foundation is a focus on needs identified by
local community leaders, with priority given to projects that benefit
communities as a whole. Promotion of opportunities for women is an
important guiding principle of the Foundation.
Since 2008, The Banro Foundation has completed construction of two new
high schools, two primary schools, a regional health care centre, a
women's resource centre, a potable water delivery system serving 18,000
people in four villages, the construction or re-construction of over
100 kilometres of roads and bridges and has completed two shipments of
medical equipment from Canada to regional hospitals and clinics. Four
new schools, a regional market centre, a new health centre, new
basketball courts for youth, the refurbishment of a community
electrical generating station and a major community bridge are
currently under construction.
Information about the Banro Foundation can be viewed at www.banro.com/s/CorporateResponsibility.asp or in French at www.banro.com/s/FR-Corporate-Responsibility.asp.
Banro is a Canadian-based gold exploration company focused on the
development of four major, wholly-owned gold projects, each with mining
licenses, along the 210 kilometre-long Twangiza-Namoya gold belt in the
South Kivu and Maniema provinces of the DRC. The Company is currently
constructing its first mine at its Twangiza project, which is scheduled
to begin operations in late 2011. In recent years, Banro has emerged
as one of the leading employers in South Kivu province of the DRC,
creating over a thousand jobs with a strong focus on on-the-job
training programs, technology transfer and adherence to world-class
standards in health & safety and environmental management.
SOURCE Banro Corporation
For further information:
please visit our website at www.banro.com, or contact: Martin Jones, The Banro Foundation, Toronto, Ontario, Tel: (416) 366-2221 or 1-800-714-7938.