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Banro bows out

Beleaguered African-focused miner Banro Corporation (US:BAA) shares will be delisted from both the Toronto and New York stock exchanges as uncertainty prevails over the company’s proposed restructuring.

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Dual-listed Banro is to delist from both the Toronto and New York stock exchanges

The company announced the delisting notices in late December, just days after announcing it had been granted initial bankruptcy protection and an interim financial lifeline of US$20 million.

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