Baru Gold Completes Financing

About this update from Baru Gold Corp

[{"type":"text","content":"Baru Gold Completes Financing\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 Vancouver, BC -\n \n \n TheNewswire -\n \n \n March 3, 2023 -\n \n \n Baru\nGold Corp\n \n \n (the “\n \n \n Company\n \n \n ” or\n“\n \n \n Baru\n \n \n ”)\n \n \n (\n \n \n TSX.V:BARU\n \n \n )\n \n \n (\n \n \n OTC:BARUF\n \n \n )\n \n \n announces that it\nhas closed $20,000, issuing 1,000,000 Units in the second and final\ntranche of the $1.5 million financing previously announced on January\n4, 2023. Each unit will be comprised of one common share in the\ncapital of the Company (a “Share”) and one common share purchase\nwarrant (a “Warrant”). Each full Warrant shall be exercisable into\none Share for 2 years from the date such Warrant is issued at an\nexercise price of $0.05 for the first year and $0.10 for the second\nyear.\n \n \n The proceeds raised from the Private\nPlacement will be used for immediate working capital commitments at\nthe Sangihe Gold project.\n \n \n \n \n All securities issued in the second and final tranche\nof the Private Placement will be subject to a four-month hold period\nexpiring June 22, 2023.\n \n \n \n \n \n This news release shall not constitute\nan offer to sell or the solicitation of an offer to buy nor shall\nthere be any sale of the securities in any state in which such offer,\nsolicitation or sale would be unlawful. The securities have not been\nregistered under the United States Securities Act of 1933, as amended,\nand may not be offered or sold in the United States absent\nregistration or an applicable exemption from the registration\nrequirements.\n \n \n \n \n \n ABOUT SANGIHE GOLD PROJECT\n \n \n \n \n The Sangihe Gold Project (“Sangihe”) is located on\nthe Indonesian island of Sangihe, off the northern coast of Sulawesi.\nSangihe has an existing National Instrument 43-101 inferred mineral\nresource of 114,700 indicated and 105,000 inferred ounces of gold, as\nreported in the Company's “Independent Technical Report on the\nMineral Resource Estimates of the Binebase and Bawone Deposits,\nSangihe Project, North Sulawesi, Indonesia” (May 30, 2017). Readers\nare cautioned that mineral resources that are not mineral reserves do\nnot have demonstrated economic viability.\n \n \n \n \n The ...

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