~*~Mining and Metals Du Jour~*~

[JohnCM]

Banro -

In August 2014, the Company announced the signing of a non-binding
Memorandum of Understanding for two gold sale transactions, one for $41
million relating to the Twangiza Mine and the second for $80 million
relating to the Namoya Mine.


(VI) SUBSEQUENT EVENT

-- In November 2014, the Company announced the signing of the definitive
agreement with respect to the $41 million Twangiza Mine gold sale
transaction. This transaction is expected to close shortly. The funds
will be used for meeting general corporate obligations such as trade
payables and to provide the working capital to ramp up the Namoya Mine
to full production.

Gold sale transactions - i.e. non-dilutive