Baru Gold announced that its Board of Directors has approved a new shareholder rights plan pursuant to a shareholder rights agreement between the Company and Computer Trust Company of Canada as rights agent, effective immediately, the shareholders of the Company. The Plan has been adopted to ensure the fair treatment of all shareholders in connection with any take-over bid for the Company. The Plan is not being adopted in [...]
Baru Gold announces that it has closed an oversubscribed private placement announced on June 16, 2023. The Company received $118,999.99 and issued 3,966,666 Units, priced at $0.03 per unit. Each unit will be comprised of one common share in the capital of the Company and one transferable common share purchase warrant. Each Warrant shall be exercisable for one Share for 2 years from the date such Warrant is issued at an [...]
Baru Gold Corp. wishes to advise the shareholders that the financing announced in the May 1, 2023 news release is progressing well. The Company is currently in discussion with three potential investors or institutions for the gold prepayment financing. One of the institutions is undertaking final due diligence and the Company expects the process to conclude imminently. Both parties are working as expeditiously as possible [...]
Baru Gold Corp. and its subsidiary PT. Tambang Mas Sangihe is pleased to announce the receipt of official correspondence from the Director of Engineering and Environment at the Ministry of Energy and Mineral Resources of the Republic of Indonesia . The letter affirms the Company's legal status to operate and produce gold on Sangihe Island and states that the Company's license is active and valid. Furthermore, in the [...]
Baru Gold Corp. is delighted to inform stakeholders and investors that the Company's work on Sangihe has received the National Vital Object designation. We are also announcing the withdrawal of the lawsuit filed by the Company, announced on August 25, 2022. The Company holds a Contract of Work with the Government of Indonesia that provides the legal right to explore, construct, and produce gold on the Island of Sangihe [...]
Baru Gold Corp. is happy to update stakeholders and investors on progress in securing financing to bring the Sangihe Project into production. The Company has pursued two methods of funding - a CAD 20 Million gold-prepayment loan led by an Asian-based Investment and Banking Advisory Firm, and a non-brokered private placement. The Company is currently negotiating the Gold Loan with several Institutional Investors from both [...]
Baru Gold Corp. announces it is continuing its non-brokered private placement consisting of up to 65,000,000 units priced at $0.035 per unit for total proceeds of $2.275 million. Each unit will comprise one common share in the capital of the company and one transferable common share purchase warrant. Each warrant will entitle the holder to purchase one additional share at an exercise price of $0.05 for the first year and [...]
Baru Gold Corp. announces that it has closed $223,650, issuing 7,455,000 Units in the second tranche of the $2.25 million financing previously announced on February 21, 2023. Each unit will be comprised of one common share in the capital of the Company and one common transferable share purchase warrant. Each full Warrant shall be exercisable into one Share for 2 years from the date such Warrant is issued at an exercise [...]
Baru Gold Corp. announces that it has closed $20,000, issuing 1,000,000 Units in the second and final tranche of the $1.5 million financing previously announced on January 4, 2023. Each unit will be comprised of one common share in the capital of the Company and one common share purchase warrant. Each full Warrant shall be exercisable into one Share for 2 years from the date such Warrant is issued at an exercise price of [...]
Baru Gold Corp. announces that it has closed $170,453.98, issuing 5,681,799 Units in the first tranche of the $2.25 million financing previously announced on February 21, 2023. Each unit will be comprised of one common share in the capital of the Company and one transferable common share purchase warrant. Each Warrant shall be exercisable for one Share for 2 years from the date such Warrant is issued at an exercise price [...]
Baru Gold Corp. is conducting a $2.25-million non-brokered private placement consisting of up to 75,000,000 priced at $0.03 per unit. Each unit will comprise one common share in the capital of the company and one transferable common share purchase warrant. Each warrant will entitle the holder to purchase one additional share at an exercise price of $0.05 for the first year and $0.10 cents for the second year during a two [...]
Baru Gold Corp. is happy to announce to stakeholders and investors that the industrial-scale, illegal mining operations on Sangihe Island have stopped. As of February 10, 2023, all known illegal mines on Sangihe Island are no longer operating. The illegal miners, virtually all non-residents, left Sangihe Island en masse. Their remaining pieces of heavy equipment are being moved off the worksites. As mentioned in our press [...]
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