Shomka Resources to acquire Namoya Mining from Banro.

Shomka Resources, a joint venture of Shomka Capital and Baiyin International Investments, agreed to acquire Namoya Mining, a gold mine in Congo, from Banro, a Canadian-based gold exploration and development company. Financial terms were not disclosed. Under the deal, which is subject to final approval from Congo’s government, Banro would receive a perpetual royalty for all production from the Namoya property.