Dec 22 (Reuters) - Banro Corp BAA.TO :
* BANRO ANNOUNCES SUPPORT AGREEMENT FOR RECAPITALIZATION TRANSACTION WITH KEY STAKEHOLDERS, COMMENCES RESTRUCTURING PROCEEDINGS & RECEIVES ORDER PERMITTING INTERIM FINANCING OF UP TO US$20 MILLION
* BANRO CORP-RECAPITALIZATION PLAN HAS EXCHANGE OF CERTAIN PARITY LIEN DEBT, WITH AMOUNTS OWING UNDER $197.5 MILLION 10.00% SECURED NOTES DUE MARCH 1,2021
* BANRO - AGREED WITH AFFILIATES OF BAIYIN & FUNDS, GRAMERCY MANAGED ACCOUNTS TO CONTINUE DEFERRING CERTAIN GOLD DELIVERIES UNDER GOLD DEALS UNTIL JUNE 30, 2019
* BANRO CORP - ALSO RECEIVED COMMITMENTS FROM BAIYIN AND GRAMERCY FOR UP TO $20 MILLION IN INTERIM FINANCING TO SUPPORT CONTINUED OPERATIONS
* BANRO - DEFERRING OF THE CERTAIN GOLD DELIVERIES ESTIMATED TO PROVIDE $30.9 MILLION OF LIQUIDITY RELIEF TO CO THROUGH MID-2019