Edition:
United States

Banro Corp (BAA.TO)

BAA.TO on Toronto Stock Exchange

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19 Sep 2017
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Summary

Name Age Since Current Position

Richard Brissenden

70 2015 Non-Executive Chairman of the Board

John Clarke

2013 President, Chief Executive Officer, Director

Rory Taylor

39 2017 Chief Financial Officer

Arnold Kondrat

2013 Executive Vice President

Donat Madilo

2014 Senior Vice President - Commercial and DRC Affairs

Geoffrey Farr

47 2011 Vice President, General Counsel, Corporate Secretary

Desire Sangara

2007 Vice President - Government Relations

Daniel Bansah

2013 Head of Projects and Operations

Maurice Colson

2015 Lead independent Director

Michael Li

2017 Director

Peter Cowley

66 2010 Independent Director

Jiongjie Lu

2016 Independent Director

Mick Oliver

2015 Independent Director

Robert Rauch

2017 Independent Director

Robert Rorrison

2017 Independent Director

Derrick Weyrauch

2013 Independent Director

Biographies

Name Description

Richard Brissenden

Mr. Richard William Brissenden serves as an Non-Executive Chairman of the Board of Banro Corp., since December 31, 2015. Mr. Brissenden is a mining executive and corporate director with over thirty years of experience in the resource sector. A Chartered Professional Accountant (CPA, CA) and Certified Director (ICD.D), he has served on the board and audit committee for a number of TSX-listed mining companies. As chairman and president of TSX-listed Excellon Resources Inc. from 1991 to 2008, he led the company through the discovery, development and production stages of a high-grade silver/lead/zinc mine in Northeastern Mexico. He was also president of a gold producer in Alaska, and president of a mine finance house with interests in over fifty junior mining companies. He is a member of the Institute of Chartered Accountants of Ontario and the Institute of Corporate Directors.

John Clarke

Dr. John A. Clarke, Ph.D., serves as a President, Chief Executive Officer, Director of Banro Corp. Dr. Clarke has served as the Chief Executive Officer of Nevsun Resources Limited, which successfully brought the Bisha Mine into production in Eritrea. Prior to joining Nevsun in 1997, Dr. Clarke was an Executive Director of Ashanti Goldfields Company Limited of Ghana, where he established Ashanti's gold exploration program throughout sub-Saharan Africa. Dr. Clarke holds a Ph.D. in metallurgy from Cambridge University and M.B.A. from the University of Middlesex. He is also a non-executive director of Great Quest Fertilizer Ltd. Dr. Clarke has served as the Chief Executive Officer and President of Banro since March 2013.

Rory Taylor

Mr. Rory Taylor serves as Chief Financial Officer of the Company, with effective from July 7, 2017. Mr. Taylor is a senior finance executive with over 18 years of international public company experience. Most recently, Mr. Taylor served as Chief Financial Officer of Aura Minerals Inc. Before that, Mr. Taylor served in senior financial positions for various international companies including Endeavour Mining Corporation and Crew Gold Corporation. These companies owned and operated gold mines and various exploration properties in South and Central America, West Africa, Greenland and the Philippines. He holds a South African CA designation and received a Bachelor of Commerce degree from the University of Cape Town.

Arnold Kondrat

Mr. Arnold T. Kondrat serves as a Executive Vice President of Banro Corp. Mr. Kondrat is the Company's principal founder and has over 30 years of management experience in the resource exploration industry. During this time he has been an officer and director of a number of publicly-traded resource exploration companies, in both Canada and the United States. Mr. Kondrat is the principal founder and Chief Executive Officer, and a director, of Loncor Resources Inc. (a gold exploration company listed on the Toronto Stock Exchange with projects in the eastern DRC), Gentor Resources Inc. (a mineral exploration company listed on the TSX Venture Exchange) and Delrand Resources Limited (formerly a mineral exploration company, currently undertaking a change of business). He is also President of Sterling Portfolio Securities Inc. (a private venture capital firm based in Toronto).

Donat Madilo

Mr. Donat K. (Donald) Madilo serves as a Senior Vice President - Commercial and DRC Affairs of Banro Corp. Mr. Madilo has over 27 years of experience in accounting, administration and finance in the DRC and North America. He is Senior Vice President, Commercial and DRC Affairs at Banro, Chief Financial Officer of each of Loncor Resources Inc. and Gentor Resources Inc., and Treasurer of Delrand Resources Limited. Mr. Madilo’s previous experience includes Chief Financial Officer of Banro, director of finance of Coocec-ceaz (a credit union chain in the DRC) and senior advisor at Conseil Permanent de la Comptabilité au Congo, the accounting regulation board in the DRC. He holds a Bachelor of Commerce (Honours) degree from Institut Supérieur de Commerce de Kinshasa, a B.Sc. (Licence) in Applied Economics from University of Kinshasa and a Masters of Science in Accounting (Honours) from Roosevelt University in Chicago.

Geoffrey Farr

Mr. Geoffrey G. Farr serves as a Vice President, General Counsel, Corporate Secretary of Banro Corp. From February 2011 to present, Mr. Farr has been Vice President, General Counsel and Corporate Secretary of Banro, and Corporate Secretary of each of Gentor Resources Inc., Loncor Resources Inc. and Delrand Resources Limited. He is also currently a director of Delrand Resources Limited. Prior to February 2011, Mr. Farr practised corporate and securities law in Toronto for 17 years, which included extensive experience in representing public companies. He holds a LL.B. from the University of Ottawa and a B.Comm. from Queen’s University.

Desire Sangara

Mr. Desire Sangara serves as a Vice President - Government Relations of Banro Corp. Mr. Sangara has over 19 years’ professional experience in the DRC’s exploration and mining sector. He previously held senior positions with the Belgium-Luxemburg mining company, Mindev, and with Ashanti Goldfields, where for seven years he was the company's country manager. He has a Masters degree in management from E.D.C. (Paris).

Daniel Bansah

Mr. Daniel K. (Dan) Bansah serves as a Head of Projects and Operations of Banro Corp. Mr. Bansah has over 27 years’ experience in the gold mining industry. He has an MSc in Mineral Exploration with Distinction from Leicester University, UK and is a Member and a Chartered Professional of AusIMM. Mr. Bansah was Banro's Vice President of Exploration from 2007 to 2013. Prior to joining Banro in 2004, he was the Group Mineral Resource Manager with Ashanti Goldfields, with responsibilities for the coordination, auditing and compilation of Ashanti's Mineral Resources and Ore Reserves in Africa.

Maurice Colson

Mr. Maurice John Colson serves as an Independent Director of Banro Corporation. Mr. Colson has worked in the investment industry for more than 37 years and was for many years managing director for a major Canadian investment dealer in the United Kingdom. He is actively involved in providing strategic counsel and assistance with financing to emerging private and public companies in Canada and to Canadian companies operating in China, Africa and South America. He is a director, and a member of the audit committee, of several Toronto Stock Exchange and TSX Venture Exchange listed companies, and is the former President and Chief Executive Officer of the TSX Venture-listed company, Lithium One Resources. Mr. Colson holds a Masters of Business Administration degree from McGill University in Montreal.

Michael Li

Mr. Michael Hankin Li serves as Interim Chief Financial Officer, Director of the Company. Mr. Li is a Certified Public Accountant with more than 20 years of experience in finance and accounting, capital-raising, mergers and acquisitions, restructuring and international business development. He was the head of corporate finance of GCL-Poly Energy Holdings Limited, a company listed on the Hong Kong Stock Exchange; and was previously general manager of investor relations & mergers and acquisitions at Newton Resources Limited, also a company listed on the Hong Kong Stock Exchange. Mr. Li has worked at several international banks, where he led numerous capital raising exercises in Hong Kong and the United States. During the period between March 1994 and June 2004, he was the executive director, Corporate Finance, at BNP Paribas Capital (Asia Pacific) Limited. From July 2004 to December 2005, Mr. Li was employed at GoldBond Capital (Asia) Limited and was a managing director, investment banking, at Rothschild (Hong Kong) Limited during the period March 2007 to May 2011. Mr. Li obtained a bachelor's degree in accountancy from California State University, Los Angeles in June 1985, and a Master of Business Administration degree from Columbia University in May 1992. He is also an independent non-executive Director of COFCO Meat Holdings Limited, a company listed on the Hong Kong Stock Exchange.

Peter Cowley

Mr. Peter Nigel Cowley serves as an Independent Director of Banro Corp. Mr. Cowley is a geologist with 45 years’ international experience in the minerals industry, mainly in Africa. From June 2004 until September 2007, Mr. Cowley was Chief Executive Officer of Banro and from June 2004 until March 2008 he was President of Banro. He was Chief Executive Officer and President of Loncor Resources Inc. (a gold exploration company listed on the Toronto Stock Exchange) from October 2009 to February 2015. Mr. Cowley has a B.Sc. (Honours) degree in Geology from Bedford College (University of London), a M.Sc. in Mineral Exploration from the Royal School of Mines and a M.B.A. from the Strathclyde Business School. Mr. Cowley is also a Fellow of the Institute of Materials, Minerals and Mining. From 1989 to 1996, Mr. Cowley was Technical Director of Cluff Resources and during this period was directly responsible for the discovery and development of the Ayanfuri mine in Ghana and the Geita mine in Tanzania. In 1996, with the acquisition of Cluff Resources PLC by Ashanti Goldfields Company Limited, Mr. Cowley was appointed Managing Director of Ashanti Exploration, where he managed the exploration activities of Ashanti Goldfields Company Limited throughout Africa. He was Managing Director of Ashanti Exploration until the end of May 2004 when he joined Banro. Mr. Cowley is currently a director of Cluff Natural Resources plc.

Jiongjie Lu

Mr. Jiongjie Lu is Independent Director of the Company. Mr. Lu is an investment executive focused on mining investment. Currently, he serves as CEO of Baiyin International Investment Ltd, where he developed the international investment platform for Baiyin Nonferrous Group, and has invested in several previous metals and based metals companies, including Banro. Prior to joining Baiyin in 2015, he was a director of Long March Capital, which co-invested with Baiyin into Gold One and Sibanye Gold in South Africa, and developed the streaming business with Baiyin. He holds a bachelor degree of mathematics and physics, and a master degree of finance from Tsinghua University.

Mick Oliver

Mr. Mick C. Oliver serves as an Independent Director of the Company. Mr. Oliver has 39 years’ experience in the mining sector. From 1996 to 2014, he held senior positions with CIBC World Markets Inc., becoming in 2011 Managing Director (Head of Mining Team) in the global mining investment banking group. Prior to this, he worked for 10 years with HSBC covering natural resources, where, from 1990 to 1996, he was Partner, Corporate Finance. Mr. Oliver is currently Managing Director of Natural Resources Global Capital Partners, an independent advisory business offering financial and technical advice to the global natural resource sector. Mr. Oliver began his career as a mining engineer, with eight years of managerial experience in precious and base metals in Zambia and South Africa. He graduated from Nottingham University in 1976 with a joint mining/geology degree and from the University of the Witswatersrand, South Africa in 1985 with an MBA.

Robert Rauch

Mr. Robert L. Rauch is Independent Director of the Company. Mr. Rauch is a Senior Partner and Portfolio Manager at Gramercy Funds Management LLC, a fund manager with US$6 billion of assets specializing in corporate and sovereign investments in global emerging markets. He has 37 years of finance experience and serves as portfolio manager for Gramercy’s distressed and other corporate debt strategies, where he has been, or is currently involved, as a leading creditor in the restructuring of dozens of companies across emerging markets. He is currently a member of the board of directors of Credivalores-Crediservicios SAS in Colombia as well as two not-forprofit organizations. Prior to joining Gramercy at the end of 2000, Mr. Rauch worked with several investment and commercial banks in various areas of international finance. He received his graduate degree in Finance and International Business from Northwestern University and his undergraduate degree in Political Economy from Williams College.

Robert Rorrison

Mr. Robert A. Rorrison is Independent Director of the Company. Mr. Rorrison is Chairman Asia for Peloton Global, a finance services group with operations in Australia and Asia. He worked for Macquarie Group and its affiliates from April 1990 to March 2015, specializing in natural resources sectors, including metals and mining, oil and gas and agriculture. He was an Executive Director of Macquarie Group for 10 years, finishing his tenure as Chairman of Resources, Asia with responsibility for the natural resources investment banking function for ten jurisdictions, including Japan, Korea, China, India and Hong Kong. He has held positions with various industry, professional and regulatory authorities during his career, including as a member of the National Listing Committee and Listing Appeals Committee of the Australian Stock Exchange. Mr. Rorrison obtained his Bachelor of Economics from University of Adelaide in May 1982 in Australia. He was granted the Degree of Fellow of the Institute of Chartered Accountants in Australia in August 1995.

Derrick Weyrauch

Mr. Derrick H. Weyrauch serves as an Independent Director of Banro Corp. Mr. Weyrauch is a Chartered Professional Accountant (“CPA CA”) with over 27 years of experience that includes corporate financial management, corporate restructuring, financings, strategic planning and merger & acquisition transactions. He has held a number of CFO positions in publicly-listed mining companies. Previously, he served on the audit, health & safety committee and chaired two special committees for the board of directors of a TSX-listed gold mining company. Mr. Weyrauch earned his Chartered Accountant designation in 1990 while working at KPMG, he is a member of CPA Ontario and the Institute of Corporate Directors and he holds a Bachelors of Arts degree in Economics.

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