Great Bear raising C$37m for Red Lake gold exploration
Company has entered into an agreement with Cormark and CIBC Capital Markets to act as co-lead underwriters and joint bookrunners for the purchase of 2 million flow-through common shares.
Banro Corporation (NYSE AMEX – “BAA”; TSX – “BAA”) reports that construction of its wholly-owned Twangiza “Phase I” gold mine in South Kivu Province, Democratic Republic of the Congo, is proceeding quickly and that the company remains on schedule to begin commercial production in the fourth quarter of 2011. Read the press release