Canadian Warrants

Banro Corp

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Address: 7070 - 100 King St W (1 First Canadian Place)
Toronto ON M5X 1E3
Phone: 416 366 2221
Fax: 416 366 7722
Website: http://www.banro.com/

Warrant Symbol - BAA.WT
Number Trading - 5.5 million
Expiration Date - Sept. 17, 2011
Cusip - 066800 11 1
Exercise Price - $2.20 (U.S.)

Warrants called to trade news:

Banro to list 5.5 million warrants on Sept. 17

2008-09-15 16:55 MT - Warrants Called to Trade
TSX bulletin 2008-1045
A total of 5.5 million common share purchase warrants of Banro Corp. will be listed and posted for trading at the open on Wednesday, Sept. 17, 2008, under the following trading information:

Warrant symbol: BAA.WT
Warrant Cusip No.: 066800 11 1
Trading currency: Canadian dollars
Designated market-maker: RBC Capital Markets
Other markets: American Stock Exchange

The listing covers warrants forming part of the 11 million units to be sold to the public at a price of $1.75 (U.S.) per unit pursuant to the terms of a short form prospectus dated Sept. 11, 2008. Each unit consists of one common share and one-half of one warrant. Each whole warrant entitles the holder to purchase one common share of the company at a price of $2.20 (U.S.) per shares at any time before 5 p.m. (Toronto time) on Sept. 17, 2011. The units will separate immediately upon closing of the offering. The warrants will be governed by the terms of a warrant indenture between the company and Equity Transfer & Trust Company as trustee. The warrant indenture provides for appropriate adjustments to the warrants in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization..

Banro Corp

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