Baru Gold Corp. announces that the Company will not be proceeding with the proposed non-brokered private placement that was previously announced on October 12, 2022. The Company may announce a new non-brokered private placement in the future however is currently considering alternate forms of funding. ABOUT SANGIHE GOLD PROJECT The Sangihe Gold [...]
Baru Gold Corp. is pleased to announce a $1.2 million non-brokered private placement consisting of up to 40,000,000 units priced at $0.03 per unit . Each unit will be comprised of one common share in the capital of the Company and one-half non-transferable common share purchase warrant . Each Warrant will entitle the holder to purchase one [...]
Baru Gold Corp. wishes to provide an update on the appeal of a lawsuit filed in Makassar, Indonesia against two government departments responsible for the issuance of the Environmental Permit to Baru's subsidiary, PT Tambang Mas Sangihe. The Makassar Lawsuit was filed in October 2021 against the North Sulawesi Province Government Head of Investment [...]
Baru Gold Corp. wishes to provide an update on the appeal of a lawsuit filed in Jakarta, on June 23, 2021, against the Ministry of Energy and Mineral Resources, the government department which issued the operational mining permit to Baru's subsidiary, PT Tambang Mas Sangihe. While Baru was not named in the lawsuit, the court granted permission for [...]
Baru Gold Corp. announces it has granted an aggregate amount of 1,700,000 stock options to directors, employees and consultants of the Company in accordance with the provisions of the Company's stock option plan, subject to the approval of the TSX Venture Exchange. Each option entitles the holder to purchase one common share of the Company at an [...]
Baru Gold Corp. wishes to affirm its ownership rights of the Sangihe Gold Project in response to recent media reports of the Indonesian government revoking mining permits in the country and provides information on a lawsuit recently filed in Indonesia by the Company's subsidiary PT Tambang Mas Sangihe . Ownership Rights of TMS Indonesia's [...]
Baru Gold Corp. is pleased to announce that it has successfully closed its secured convertible loan transaction with Mercer Street Global Opportunity Fund, a fund managed by Mercer Street Capital Partners, LLC, a Miami-based institutional fund manager, and raised a net proceeds of US$1,500,000 to fund the development and construction of the Sangihe [...]
Baru Gold Corp. is pleased to announce it has entered into a convertible loan agreement with Mercer Street Global Opportunity Fund to raise net proceeds of US$1,500,000 to fund the development and construction of the Sangihe gold mine in Indonesia, and for general working capital. Terry Filbert, Chairman and CEO of Baru Gold, commented, "The [...]
Baru Gold Corp. announces that Mr. Gerhardus Kielenstyn has resigned as a Director of Baru Gold and as Chief Operating Officer of the Company's subsidiary PT Tambang Mas Sangihe effective immediately. Mr. Jiriel Kumajas, Director of General Administration of the TMS Project, will replace Mr. Kielenstyn as Interim Chief Operating Officer of TMS [...]
Baru Gold Corp. is pleased to provide an update on its continuing community relations efforts on Sangihe Island and the dismissal of a lawsuit filed in Jakarta in August of 2021, against the Ministry of Energy and Mineral Resources in Indonesia, in relation to Baru's subsidiary, PT Tambang Mas Sangihe. 2022-Q1 Education Second donation made to SD [...]
Baru Gold Corp. | is pleased to announce it has substantially completed clearing of the land and commenced earthworks on the heap leach pad for the Sangihe gold project. Initial capacity of the heap operation has been set at 100,000 tonnes. The heap leach pad measures 127 by 64 meters. There are currently more than 60 labourers working on the [...]
Baru Gold Corp. | is pleased to report on our commitment and the viability of the Sanighe Gold project based on the metallurgical studies and the milestones on permitting and advancing the Sangihe Gold project. With land clearing and construction ongoing, the BARU Gold team has reviewed metallurgy of the project in detail. A metallurgical review [...]
