Banro (BAA) Plans to Issue 10M Common Shares at $1.40/Share
Banro Corporation (NYSE: BAA) announced today that it is proposing to issue to a number of investors a total of up to 10,000,000 common shares of the Company at a price of $1.40 per share for gross proceeds of up to $14,000,000.
The Company intends to use the proceeds of the Offering to further advance the Company's projects in the Democratic Republic of the Congo (the "DRC") and for general corporate purposes.
The Company intends to use the proceeds of the Offering to further advance the Company's projects in the Democratic Republic of the Congo (the "DRC") and for general corporate purposes.
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