TORONTO, ONTARIO--(Marketwired - Feb. 28, 2014) - Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) announces that it has closed its previously announced US$40 million financing involving the issue of convertible preferred shares to investment funds managed by Gramercy Funds Management LLC by way of a non-brokered private placement (the "Private Placement").
