BLUE SKY BREAKOUT

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BAA~~ news out~~ SOUNDS LIKE NON-DILUTIVE FINANCING


Banro Provides a Corporate Update

Banro Corporation 2 hours ago

TORONTO, ONTARIO--(Marketwired - Jul 30, 2014) - Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(BAA.TO) wishes to provide a corporate update in respect of its financial requirements.

Over the past several weeks, Banro has been evaluating options for the optimization of the Namoya gold plant and assessing the financial requirements of the Company for the upcoming months to implement the strategy outlined in the July 9, 2014 press release. In conjunction with this process, Banro's board of directors has engaged CIBC World Markets Inc., as well as Mining Research Group ("MRG"), an affiliate of HanOcci Capital Partners Inc., to assist and advise the Company in this review.

"With the goal of preserving and enhancing shareholder value, the board has engaged these two groups such that the Company may benefit from their financial expertise and advice," commented Banro board chair, Richard Brissenden. "We will continue to work with our key stakeholders and other parties as we examine all financial options available to us at this time and I believe we are making significant progress toward a holistic financial solution."

http://finance.yahoo.com/news/banro-provides-corporate-032510579.html?.tsrc=applewf