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Baru Gold Corp V.BARU

Alternate Symbol(s):  BARUF

Baru Gold Corp. is a Canada-based mineral resource exploration company. The Company is focused on developing and producing precious metals projects in Indonesia. The Company’s focus is on developing precious metals projects with significant resource upside potential and near-term production capabilities. The Company’s Sangihe Gold project mineral tenement consists of one block covering the southern half of Sangihe Island, located between the northern tip of Sulawesi Island (Indonesia) and the southern tip of Mindanao (Philippines). The Sangihe Project covers 42,000ha; this includes the Bawone, Binebase prospects on the eastern part of the island and Taware prospect in the south-central region with infrastructure in place. The Company has a 70% interest in the Sangihe project.


TSXV:BARU - Post by User

Bullboard Posts
Comment by CoastalTraderon Mar 04, 2011 10:50am
434 Views
Post# 18231757

RE: RE: Question?

RE: RE: Question?Shares will be distributed to "shareholders of Record" - and it will be tabulated on the Record Date which has yet to be determined.  They need a lot of paper work to pass before the regulators before that happens - but it is a straight forward process.

Structure - I'd like to see something like 1 Newco share for each 4 EAS held.  That would keep it nice and tight.  Then give the shareholders a Rights Offering to purchase additional shares which will put $$$$ in the treasurey.

US distribution of news - is restricted by US laws - but the news get distributed with the disclaimer attached - so that you Yanks will go "Oh - I better not read that as its not legal !"   And if you are on their email list you will get it regardless.  Depending on what type of filings etc a company makes with US regulators determines whether news can be distributed there.  of course fees etc are involved so maybe EAS hasn't bothered with it.  Yet?

Great day so far - now lets resolve the forestry issue and pop it up to $10.

HEY MIWAH SISIES - WAKE UP - the stock is moving.

Ya Gotta Luv It !

Coastal.
Bullboard Posts