Peterson & Co. acts for Baiyin International Investment Ltd. in Loan and Equity Investment
On February 26, 2016, Banro Corporation (“Banro”) closed a US$98.75 million financing which included investments by RFW Banro Investments Ltd., a subsidiary of the Baiyin Stream Partnership I LP. The Baiyin Stream Partnership I LP is led by Baiyin Nonferrous Group Co. Ltd., a strategic Chinese mining group based in Gansu, China. Dennis Peterson of Peterson & Co. acted for RFW Banro with respect to a portion of the financing comprised of a $22.5-million (U.S.) term loan, and an $8.75-million (U.S.) equity private placement. Banro Corporation is a Canadian gold mining company listed on the Toronto Stock Exchange and focused on production from the Twangiza mine in the Democratic Republic of the Congo.
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