Banro and Banro Group (Barbados) Limited Declare Dividends Payable on Series A Preference Shares of Banro and Preferred Shares of Banro Group (Barbados) Limited
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 09/15/16 -- 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") that (a) the board of directors of Banro has authorized and declared, in respect of the September 30, 2016 Dividend Payment Date, a dividend payable of US$0.80 per Banro Series A Share, and (b) the board of directors of Banro Group (Barbados) Limited has authorized and declared, in respect of the March 31, 2016 Dividend Payment Date, a dividend payable of US$0.735 per Barbados Preferred Share and, in respect of the June 30, 2016 Dividend Payment Date, a dividend payable of US$0.755 per Barbados Preferred Share.
The said dividends are payable on September 27, 2016 to, in the case of the dividend payable on the Banro Series A Shares, holders of record of Banro Series A Shares on September 22, 2016 and, in the case of the dividends payable on the Barbados Preferred Shares, holders of record of Barbados Preferred Shares on September 22, 2016.
In accordance with the requirements of the articles of Banro and Banro Group (Barbados) Limited, Banro hereby notifies holders of Banro Series A Shares and holders of Barbados Preferred Shares of the following information (as applicable) necessary to calculate the amount of the said dividends. Defined terms used in this press release which are not otherwise defined shall have the meaning given to them in the articles of Banro and Banro Group (Barbados) Limited.
Banro Corporation is a Canadian gold mining company focused on production from the Twangiza mine, which began commercial production September 1, 2012, and on production at its second gold mine at Namoya, where commercial production was declared effective January 1, 2016. The Company's 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. All business activities are followed in a socially and environmentally responsible manner.
Contacts:
Banro Corporation
Martin Jones
1 (416) 366-2221, Ext. 3213
1-800-714-7938, Ext. 3213
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Datum: 16.09.2016 - 02:08 Uhr
Sprache: Deutsch
News-ID 495140
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contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Mining & Metals
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