Again !!! They need money June 26, 2024 – TheNewswire - Vancouver, BC - Baru Gold Corp (TSX.V:BARU) | (OTCQB:BARUF) (“Baru” and its subsidiary PT. Tambang Mas Sangihe (“TMS”) or the “Company”) announces to shareholders a non-brokered private placement consisting of up to 6,700,000 units priced at $0.015 per unit for total proceeds of $100,500.
Each unit will comprise one common share in the capital of the Company and one non-transferable common share purchase warrant. Each warrant will entitle the holder to purchase over two years one additional share at an exercise price of $0.05. This round of financing is expected to close on or before July 8 2024.
The use of proceeds of the financing will be for working capital while the Company awaits the issuance of the State of Activity upgrade to Production Operation status and completes financing negotiations. There are no proposed payments to non-arm’s length parties of the Company and no payments to persons conducting investor relations activities.