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Banro Corporation Ltd. is pleased to announce the appointment of Mr. Brett A. Richards as the Chairman and Chief Executive Officer of Banro, with immediate effect.
TORONTO , May 3, 2018 /CNW/ - Today, Banro Corporation (the "Company") announced the effectiveness of its Amended Consolidated Plan of Compromise and Reorganization (the "Recapitalization Plan"), which, as previously announced, was sanctioned by the Ontario Superior Court of Justice (Commercial List) on March 27, 2018 in connection with the implementation of the Recapitalization Plan and the Company's emergence from protection under the Companies' Creditors Arrangement Act ("CCAA"). Upon effectiveness of the Recapitalization Plan, all of the Company's existing equity and any and all equity related claims were cancelled. Furthermore, pursuant to an order from the Ontario Securities Commission, as of the effective time of the Recapitalization Plan, the Company ceased to be a reporting issuer in each jurisdiction of Canada in which it was a reporting issuer.
NEW YORK , April 24, 2018 /PRNewswire/ -- Banro Corp. (BAA) Lifshitz & Miller announces investigation into possible securities law violations in connection with allegations that the Company misled investors ...