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Banro Announces Election of Directors

Jun 28 2013 12:00AM

Marketwire

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TORONTO, ONTARIO -- (Marketwired) -- 06/28/13 -- Banro Corporation ("Banro" or the "Company") (TSX: BAA)(NYSE MKT: BAA)(NYSE Amex: BAA) announces that the seven nominees listed in the Company's management information circular for the annual and special meeting of shareholders of the Company (the "Meeting") held on Friday, June 28, 2013 were elected at the Meeting as directors of Banro. The vote was conducted by a show of hands. The detailed results of the votes received by proxy are set out below:

Name Votes For % Votes For Votes Withheld % Votes Withheld--------------------------------------------------------------------------John A. Clarke 118,699,213 68.96% 53,426,424 31.04%--------------------------------------------------------------------------Maurice J. Colson 159,547,539 92.69% 12,578,098 7.31%--------------------------------------------------------------------------Peter N. Cowley 100,099,359 58.16% 72,026,278 41.85%--------------------------------------------------------------------------Peter V. Gundy 171,921,274 99.88% 204,363 0.12%--------------------------------------------------------------------------Arnold T. Kondrat 69,354,026 40.29% 102,771,311 59.71%--------------------------------------------------------------------------Richard J. Lachcik 67,531,959 39.23% 104,593,678 60.77%--------------------------------------------------------------------------Bernard R. van Rooyen 97,086,410 56.40% 75,039,227 43.60%--------------------------------------------------------------------------



Voting results on all matters voted on at the Meeting will be filed on SEDAR at www.sedar.com.

Banro Corporation is a Canadian gold mining company focused on production from the Twangiza oxide mine and development of three additional major, wholly-owned gold projects, each with mining licenses, along the 210 kilometre long Twangiza-Namoya gold belt in the South Kivu and Maniema provinces of the Democratic Republic of the Congo. Led by a proven management team with extensive gold and African experience, Banro's plans include the construction of its second gold mine at Namoya, at the south end of this gold belt, as well as the development of two other projects, Lugushwa and Kamituga, in the central portion of the belt. The initial focus of the Company is on oxides, which have a low capital intensity to develop but also attract a lower technical and financial risk to the Company as the Company develops this prospective gold belt. All business activities are followed in a socially and environmentally responsible manner.



Contacts:
Banro Corporation
Naomi Nemeth
Investor Relations
+1 (416) 366-9189 or +1-800-714-7938, Ext. 2802
info@banro.com
www.banro.com





Source: Marketwire