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BANRO CORP. T.BAA

Metals & Mining Gold
"Banro Corp through its subsidiaries, is engaged in the exploration and development of its gold properties, including Twangiza, Namoya, Lugushwa and Kamituga."


TSX:BAA - Post by User

BANRO CORP. > Halt
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Comment by arielplson Aug 18, 2014 4:11pm
208 Views
Post# 22853139

RE:RE:RE:RE:Halt

RE:RE:RE:RE:Halt
EOIM wrote: Have you really read the news? I wouldnt call it good news because future sales for atleast 10,000 ounces per month is capped to $1000 per ounce. Interest is high as 10% and 15% per annum. Future production mortgaged!

This is basically a BOX financing! 



The Twangiza transaction contemplates the prepayment by the Buyer of US$41 million for its purchase of 40,000 ounces of gold from the Twangiza mine, with the gold deliverable over four years, at  ""10,000 ounces per year""".

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