Gold mining company Banro nets $98.7 mln from RFW, Gramercy
Canadian gold mining company Banro Corp (NYSE, TSX: BAA) has raised US$98.75 million in an equity private placement, a term loan facility, and a gold streaming deal. The investors are ResourceFinanceWorks (RFW), a Chinese mining fund, and Gramercy Funds Management LLC, a U.S. emerging markets investment firm. Toronto-based Banro is currently on focused on its Twangiza and Namoya mines, which are located in the Democratic Republic of Congo.
4 January 2016•7 mins read
