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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Baru Gold Corp. is happy to announce to stakeholders and investors the signing of an agreement with an Asian-based Investment and Banking Advisory Firm to assist with placing a USD 15 Million gold-prepayment agreement . The financing to be covered by the Gold Loan is in the form of a loan that is non-dilutive to shareholders. The expected date of [...]
Baru Gold Corp. announces that it has closed $140,800.00, issuing 7,040,000 Units in the first 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 [...]
Baru Gold Corp. or the "Company") wishes to update stakeholders and investors on the legal status on its upcoming gold production project on Sangihe Island in North Sulawesi, Indonesia, and to correct false information posted online about the status of the Company's permits and Contract of Work. The Supreme Court of Indonesia has reached a decision [...]
Baru Gold Corp. and subsidiary PT Tambang Mas Sangihe are pleased to update shareholders on positive changes related to our project on Sangihe Island. Direct physical confrontation and indirect actions by both illegal miners and their supporters have prevented TMS from operating on Sangihe. In October 2022, National Police Chief Listyo Sigit [...]
Baru Gold Corp. wishes to provide an update on the lawsuit originally filed in Manado, Indonesia in October 2021 against two government departments responsible for the issuance of the Environmental Permit to Baru's subsidiary, PT Tambang Mas Sangihe. While TMS was not named in the Manado Lawsuit, the court granted permission for a representative of [...]