July 18 (Reuters) - Banro Corp BAA.TO
* Banro Corp says entered into a gold dore purchase agreement in connection with a US$10 million loan facility with Baiyin International Investment Ltd
* Proceeds from facility planned to be used to support current operating activities at Namoya and Twangiza, for H2 2016 projects
* Under dore agreement, Baiyin will purchase 50 percent of gold dore produced by Namoya from December 1, 2016 until date facility is repaid
* Banro enters into gold dore purchase and financing arrangement with Baiyin
* Facility will be funded in two equal tranches, first US$5 million tranche of loan facility has been funded on closing
* Under dore agreement, Baiyin will purchase about 50 percent of gold dore produced by Twangiza from October 1, 2016 until date facility is repaid
* Remaining US$5 million tranche for funding deal to be funded on September 1, 2016 Source text for Eikon: ID:nMKWM9ZjRa Further company coverage: BAA.TO