“We believe the long-term nature of the Twangiza streaming arrangement and private placement, along with the committed strategic relationships involved, will provide Banro with a solid base to achieve its longer term growth objectives as well as the refinancing requirements in 2017,” commented Richard Brissenden, Banro’s Board Chairman.
“Baiyin’s investment in Banro through our offshore direct investment fund is consistent with our strategy to invest in low cost mines with large gold endowments and substantial growth opportunities,” commented Baiyin Chairman, Liao Ming. “We will support Banro in unlocking the considerable potential of the Twangiza-Namoya Gold Belt.”
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