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Thursday, 07/31/2014 6:31:11 AM

Thursday, July 31, 2014 6:31:11 AM

Post# of 63744
BAA Banro's board of directors has engaged CIBC World Markets as well as Mining Research to assist and advise the co in review of optimization of Namoya gold plant and assessing financial requirements of co (0.25 )

Co provided 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 as well as Mining Research, an affiliate of HanOcci Capital Partners, to assist and advise the co in this review.

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