Baru Gold Corp V.BARU

Alternate Symbol(s): BARUF

Metals & Mining Gold

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.

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Baru Gold Corp

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Comment by DandyHon Dec 05, 2019 4:37am

83 Views

Post# 30423764

RE:Blows my mind

Asaiah83

You said "" and best of all Ceo selling his shares at rock bottom prices""
Are suggesting by saying the above that Terry Filbert is selling his shares in the open market and pocketing the money and not loaning the proceeds back to the company??

This is what the company press realease said.
East Asia Minerals (“the Company”) advises that in order to maintain the momentum on completing the Sangihe Production License approval, CEO Terry Filbert has recently elected to sell shares and loan the net proceeds to the company in order to pay expenses that are necessary in the final stages of the production license approval for the Sangihe project.

DandyH

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