Business
Baru Gold Increases Private Placement and Closes Final Tranche
(TheNewswire) December 1, 2021 – TheNewswire - Vancouver, BC - Bar...
About this update from Baru Gold Corp
[{"type":"text","content":"Baru Gold Increases Private Placement and Closes Final Tranche\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n December 1, 2021 – TheNewswire -\n \n \n Vancouver, BC - Baru Gold Corp\n \n \n (the “Company” or “Baru”)\n \n \n (\n \n \n TSXV:BARU\n \n \n )\n \n \n |\n \n \n (OTC:\n \n \n BARUF\n \n \n )\n \n \n is pleased to\nannounce that due to investor demand the Company has increased the\nsize of the non-brokered private placement (the “Private\nPlacement”) announced in its news releases dated October 18 and\nNovember 4, 2021 and closed the final tranche to raise an additional\n$674,000.00 from the issuance of\n \n \n 6,740,000 units\n(the “Units”) priced at $0.10 per Unit\n \n \n ,\n \n \n bringing the total raised in two\ntranches to $1,676,000.00\n \n \n . E\n \n \n ach Unit consists of one common share in the capital of the\nCompany (a \"Share\") and one-half common share purchase\nwarrant (a \"Warrant\"). Each full Warrant shall be\nexercisable into one Share at an exercise price of $0.17 for two years\nfrom the date such Warrant is issued.\n \n \n \n \n In this final tranche, finder’s fees of $19,600.00\nare payable in cash on a portion of the private placement to parties\nat arm’s length to the Company. In addition,\n \n \n \n \n 196,000\n \n \n non-transferable finder’s warrants to purchase up to\n196,000 Shares are being issued (the “\n \n \n Finder’s Warrants\n \n \n ”), the Finder’s Warrants having the same terms as the\nWarrants.\n \n \n \n \n All securities issued in the final tranche of the\nPrivate Placement will be subject to a four-month hold period expiring\nApril 1, 2022.\n \n \n \n The Private Placement is subject to certain conditions including, but\nnot limited to, the receipt of all necessary regulatory approvals,\nincluding acceptance of the TSX Venture Exchange.\n \n \n The proceeds raised from the Private Placement will be used to further\nthe exploration program and to provide support for the start-up of\nproduction at the Sangihe Gold project, and for general working\ncapital.\n \n \n \n This news release shall not constitute an offer to sell\nor the solicitation of an offer to buy nor shall there be any sale of\nthe securities in any state in which such offer, solicitation or sale\nwould ...