Baru Gold announces that it has approved the settlement in the amount of $334,463.28 of debt through the issuance of common shares of the Company. Pursuant to the Debt Settlement, the Company would issue 6,689,266 common shares of the Company at a deemed price of $0.05 per Share to Terry Filbert, the Chairman and CEO of the Company. The issuance of [...]
Baru Gold is happy to announce to shareholders that a second mining contractor PT. Putra Rimpulaeng Persada has signed a legally binding contract to operate and produce gold on Sangihe Island. The owners and employees of PT. Putra Rimpulaeng Persada are residents of Sangihe. The Contractor will pay the Company IDR 3,750,000,000 for the right to [...]
Baru Gold and its subsidiary PT. Tambang Mas Sangihe is pleased to announce to shareholders they have completed applying and submitting all necessary documents to request a new upgrade to Production Operation Status to the Ministry of Energy and Mineral Resources of the Republic of Indonesia for 25,000 ha. This Production Operation Status will [...]
Baru Gold is happy to announce to shareholders that mining contractor CV. Mahamu Hebat Sejahtera has signed a legally binding contract to operate and produce gold on Sangihe Island. There were no substantial changes between this contract signed August 4, 2023 and the intent of the Memorandum of Understanding, announced on August 3, 2023. However [...]
Baru Gold wishes to inform stakeholders and investors on the signing of a Memorandum of Understanding that includes both financial and operational terms with mine contractor CV. Mahamu Hebat Sejahtera. The Contractor is a resident of Sangihe Island with previous mining experience. The terms of the MoU state that the Contractor will pay the Company [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
