UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 or
15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of July, 2017.
Commission File Number 001-32399
BANRO CORPORATION
(Translation of registrants name into English)
1 First Canadian Place
100 King Street West, Suite
7070
Toronto, Ontario, Canada
M5X
1E3
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F
Form 20-F [X] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrants home country), or under the rules of the home country exchange on which the registrants securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrants security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
BANRO CORPORATION | |
/s/ Geoffrey Farr | |
Date: July 4, 2017 | Geoffrey Farr |
Vice President, General Counsel and Corporate Secretary |
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INDEX TO EXHIBITS
99.1 | News Release dated July 3, 2017 |
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PRESS RELEASE |
Banro Provides Update on Namoya Mine
Toronto, Canada July 3, 2017 Banro Corporation (the Company or Banro) (NYSE MKT - "BAA"; TSX - "BAA") reports on activities at the Companys Namoya mine in the eastern Democratic Republic of the Congo (the DRC). A convoy of 23 trucks belonging to contractors of the Namoya mine and travelling from Baraka, DRC to the Namoya mine with supplies for the mine, was trapped in a cross fire between the Congolese national army (the FARDC) and an armed group in Lulimba on the National Road 5 (N5). The armed group currently controls the Lulimba community and its environs, and has not permitted the release of the 23 trucks from Lulimba. Banro has been informed that all of the drivers of the trucks are safe.
Due to the fighting at Lulimba and ongoing fighting between the FARDC and other armed groups around other communities along the N5 supply corridor and its connections, all operations at the Companys Namoya mine have been temporarily suspended and staff were evacuated on a temporary basis. A small group of key staff have now returned to site today to ensure maintenance of key equipment and facilities at Namoya. The Namoya camp and mining and processing facilities are being secured by the national security agencies, including the FARDC. The mining and mobile equipment were moved by the Company for safety from the mining areas to the plant and workshop areas prior to the evacuation.
The Company is monitoring the situation and will provide an update as more information becomes available.
Normal operations are continuing at the Companys Twangiza mine.
Banro Corporation is a Canadian gold mining company focused on production from the Twangiza mine, which began commercial production September 1, 2012, and on production at its second gold mine at Namoya, where commercial production was declared effective January 1, 2016. The Companys longer term objectives include the development of two additional major, wholly-owned gold projects, Lugushwa and Kamituga. The four projects, each of which has a mining license, are located along the 210 kilometre long Twangiza-Namoya gold belt in the South Kivu and Maniema provinces of the Democratic Republic of the Congo. All business activities are followed in a socially and environmentally responsible manner.
For further information, please visit our website at
www.banro.com, or contact Investor Relations at:
+1 (416) 366-2221
+1-800-714-7938
info@banro.com.