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BANRO CORP. T.BAA

"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

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Post by Raymondbon Jan 05, 2017 10:29am
321 Views
Post# 25670017

Dec 30 - Banro Provides a Corporate Update

Dec 30 - Banro Provides a Corporate UpdateBanro 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 the Company effecting a share consolidation or otherwise demonstrating a sustained improvement in its share price within the next six months (or such longer period as may be agreed to by the NYSE MKT). The Company remains focussed on the replacement of its Senior Secured Notes maturing March 2017, and will update the market accordingly as it continues forward.
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