TORONTO, April 18 /CNW/ - Banro Corporation ("Banro" or the "Company") (NYSE AMEX - "BAA"; TSX - "BAA") confirms that a document recently circulated purportedly from the
Company regarding corporate activity was not prepared by and is not
from the Company. The Company has no knowledge of the source of this
document. While it is Banro's general policy not to comment on market
activity or rumours, the Company is in preliminary discussions only.
The Company has not entered into any formal agreement and there is no
assurance that any such agreement will be entered into or that any
transaction will be pursued or completed.
Banro is a Canadian-based gold exploration and development 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 Democratic
Republic of the Congo. Led by a proven management team with extensive
gold and African experience, Banro is constructing "Phase 1" of its
flagship Twangiza project. Banro's strategy is to unlock shareholder
value by increasing and developing its significant gold assets in a
socially and environmentally responsible manner.
SOURCE Banro Corporation
For further information:
please visit our website at www.banro.com, or contact: Simon Village, Chairman, United Kingdom, Tel: +44 1959 575 039; Arnold T. Kondrat, Executive Vice-President, Toronto, Ontario, Canada, or Tomas Sipos, Vice-President, Corporate Development, Toronto, Ontario, Canada, Tel: (416) 366-2221 or 1-800-714-7938