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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Banro Corporation Ordinary Shares (delisted) | AMEX:BAA | AMEX | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.1055 | 0 | 01:00:00 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 or
15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of March, 2015.
Commission File Number 001-32399
BANRO CORPORATION
(Translation of registrants name into English)
1 First Canadian Place
100 King Street West, Suite
7070
Toronto, Ontario, Canada
M5X
1E3
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F
Form 20-F [ ] | Form 40-F [X] |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [_]
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [_]
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrants home country), or under the rules of the home country exchange on which the registrants securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrants security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
BANRO CORPORATION | |
/s/ Kevin Jennings | |
Date: March 6, 2015 | Kevin Jennings |
Chief Financial Officer |
-2-
INDEX TO EXHIBITS
99.1 | News release dated March 5, 2015 |
-3-
PRESS RELEASE |
Banro Provides Information for Holders of Series A Preference
Shares of
Banro and Preferred Shares of Banro Group (Barbados)
Limited
Toronto, Canada March 5, 2015 Banro Corporation (Banro or the Company) (NYSE MKT BAA; TSX BAA) hereby notifies holders of Series A Preference Shares of Banro (Banro Series A Shares) and holders of Preferred Shares of Banro Group (Barbados) Limited (Barbados Preferred Shares) of the following information necessary to calculate the amount of dividends payable on such shares in respect of the September 30, 2014 Dividend Payment Date (the Subject Accrued Dividends). This information is being provided as per the requirements of the articles of Banro and Banro Group (Barbados) Limited. Defined terms in this press release which are not otherwise defined shall have the meaning given to them in such articles.
The simple average of the Reference Gold Price during the three-month period ending on June 30, 2014 is US$1,289.
The Relevant Number for the purposes of the calculation of the Dividend Liquidation Preference is 0.017501.
There were no dividends accrued and unpaid on the Banro Series A Shares or the Barbados Preferred Shares immediately prior to September 30, 2014.
The Monthly Production Level for the second quarter of 2014 was 7,630 ounces of gold per month, such that the Annual Dividend Yield in respect of the September 30, 2014 Dividend Payment Date is 10.0%.
It is expected that the Subject Accrued Dividends will be paid on March 20, 2015.
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 south of the Twangiza gold mine. The Companys 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. Led by a management team with extensive gold and African experience, the initial focus of the Company is on the mining of oxide material, which has a low capital intensity to develop but also attracts a lower technical and financial risk to the Company. All business activities are followed in a socially and environmentally responsible manner.
For further information, please visit the Banro website at
www.banro.com, or contact:
Naomi Nemeth, Banro Investor Relations, +1
(416) 366-9189, +1-800-714-7938, Ext. 2802, IR@banro.com, and follow
Banro on Twitter @banrocorp.
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