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Baru Gold Completes Final Tranche of Private Placement and Increases Allotment for Recently Announced New Offering
(TheNewswire) March 13, 2024 – TheNewswire - Vancouver, BC - Baru Gold Corp ...
About this update from Baru Gold Corp
[{"type":"text","content":"Baru Gold Completes Final Tranche of Private Placement and Increases Allotment for Recently Announced New Offering\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n March 13, 2024 –\n \n \n TheNewswire -\n \n \n Vancouver, BC - Baru Gold Corp\n \n \n (\n \n \n TSXV:BARU\n \n \n )\n \n \n |\n \n \n (\n \n \n OTC:BARUF\n \n \n )\n \n (the\n“\n \n Company” or “Baru”) announces that it has\nclosed an additional $90,900, issuing 4,545,000 Units at $0.02 per\nunit, as part of the Private Placement closings previously announced\non January 24, 2024, January 31, 2024 and February 13, 2024.  Each\nunit will be comprised of one common share in the capital of the\nCompany (a “Share”) and one non-transferable common share purchase\nwarrant (a “Warrant”). Each Warrant shall be exercisable for one\nShare for 2 years from the date such Warrant is issued at an exercise\nprice of $0.05.\n \n \n \n \n The Company has raised an aggregate of $210,400 and\nissued 10,520,000 units.\n \n \n \n \n The proceeds raised from the Private Placement will be\nused as follows: $80,000 (towards the projected $150,000) legal fees\nrelated to the processing of the upgrade of its Sangihe Gold Project\nto production operation status, $80,000 for audit fees, and $50,400\nfor general working capital.  No finder’s fees were paid in\nconnection with this issue.\n \n \n \n \n All securities issued in the Private Placement will be\nsubject to a four-month hold period expiring July 8, 2024.\n \n \n \n \n The Company also wishes to announce an increase in the\nnon-broker private placement announced on March 7, 2024 consisting of\nup to 6,000,000 units priced at $0.02 per unit for total proceeds of\n$150,000. The funding will be used as follows; $70,000 for the\nestimated balance of legal fees related to the processing of the\nupgrade of its Sangihe Gold Project to production operation status and\nthe $80,000 balance for working capital.   There are no proposed\npayments to non-arm’s length parties of the Company and no payments\nto persons conducting investor relations activities.\n \n \n \n \n Each unit will comprise one common share in the capital\nof the Company and one non-transferable common share purchase warrant.\nEach warra...