By Sheri Kasprzak
New York, Sept. 27 - Banro Corp. said it has priced a C$13 million non-brokered private placement.
The company plans to sell 2 million shares at C$6.50 each to Actis Capital LLP.
Proceeds from the offering will be used to accelerate exploration on the company's gold projects in the Democratic Republic of the Congo.
The offering is expected to close in the next two weeks, according to a statement from Banro.
Based in Toronto, Banro is a gold exploration company.
| Issuer: | Banro Corp.
|
| Issue: | Stock
|
| Amount: | C$13 million
|
| Shares: | 2 million
|
| Price: | C$6.50
|
| Warrants: | No
|
| Placement agent: | Actis Capital LLP
|
| Pricing date: | Sept. 27
|
| Stock price: | C$7.05 at close Sept. 27
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
