Dec 1 (Reuters) - Banro Corp BAA.TO :
* BANRO ANNOUNCES EXERCISE OF CONTRACTUAL RIGHT TO DEFER INTEREST PAYMENT ON SECURED NOTES
* BANRO-UNDER TERMS OF INDENTURE GOVERNING 10% SECURED NOTES DUE 2021, ELECTED TO DEFER PAYMENT OF ABOUT US$4.94 MILLION INTEREST PAYMENT DUE ON DEC 1, 2017
* BANRO-NO "EVENT OF DEFAULT" TO OCCUR UNDER OTHER MATERIAL DEBT OBLIGATIONS OF CO, UNITS AS A RESULT OF INTEREST NOT BEING PAID ON DEC 1, 2017
* BANRO - TO UTILIZE GRACE PERIOD TO CONTINUE DISCUSSIONS WITH MAJOR STAKEHOLDERS CONCERNING POSSIBLE RESTRUCTURING OF CO'S NON-DRC DEBT OBLIGATIONS
* BANRO-TO ALSO UTILIZE GRACE PERIOD TO CONTINUE DISCUSSIONS WITH STAKEHOLDERS CONCERNING PROVISION OF FINANCING TO SUPPORT CO'S ONGOING OPERATIONS IN DRC