Banro Corporation (NYSE AMEX - BAA; TSX - BAA) announced the closing of its US$175 million debt financing. This closing assists fast-tracking the construction of Namoya, Banro’s second gold mine, and increases exploration activities across the core projects with a continued focus on oxides. The debt offering of 175,000 units consisted of US$175 million aggregate principal amount of senior secured notes with an interest rate of 10% and a maturity date of March 1, 2017 and 8,400,000 warrants to purchase an aggregate of 8,400,000 common shares of Banro, representing dilution of 3.8% on a fully-diluted basis. Banro is a Canadian gold mining company focused on production from the Twangiza oxide mine and development of four 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. Fasken Martineau was counsel to GMP Securities L.P. with a team that included Georges Dubé, Martin Fisher-Haydis, Alex Nikolic and Jennifer Butcher (securities); Jean-Claude Petilon and Marc Lefler (banking); Mitchell Thaw (tax).