Business
Baru Gold Retains Merchant Bank to Secure Funding for Production Operations
(TheNewswire) November 21, 2024 – TheNewswire - Van couver, BC - Bar...
About this update from Baru Gold Corp
[{"type":"text","content":"Baru Gold Retains Merchant Bank to Secure Funding for Production Operations\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 November\n \n\n 21, 2024 –\n \n\n TheNewswire -\n \n\n Van\n \n\n couver, BC - Baru Gold Corp\n \n\n (\n \n\n TSX.V:BARU | OTCQB:BARUF\n \n\n )\n \n\n (the\n“Company” or “Baru”) and its subsidiary PT. Tambang Mas\nSangihe (the “Company” or “PT TMS”) wish to inform\nshareholders of noteworthy progress in obtaining funding for\nproduction operations. Institutional and corporate investment interest\nhas increased following the rising and sustained high price of gold.\n \n\n\n\n The Company has recently received several unsolicited\ninquires from investors seeking to invest in the gold sector in\nIndonesia, including from coal companies seeking to diversify after a\nperiod of record profits. The increased pace of inbound interest from\npotential investors convinced the Company to seek external expertise\nto identify the best opportunity, and to negotiate a successful\noutcome.\n \n\n\n\n On the recommendation of an individual connected to one\nof the recently announced Letters of Intent for Investment, the\nCompany has retained a specialist advisory firm (“Merchant Bank”)\nto lead the effort to raise the funds for production operations. With\nprofessionals located in Hong Kong, Jakarta, Perth and Singapore, the\nMerchant Bank specializes in strategic advice and fundraising services\nfor clients in the metals and mining sector in Asia and Australia. The\nMerchant Bank’s leadership team has collectively closed mining &\nmetals financing and M&A transactions with a value of over US$ 8\nbillion, including some of the largest deals ever completed in\nIndonesia’s gold and coal mining sectors.\n \n\n\n\n The Merchant Bank will introduce the opportunity to\ntheir investor contacts, coordinate inbound interest, lead\nnegotiations, support due diligence, and help structure any final\ndeal.\n \n\n\n\n The Merchant Bank’s Founder & CEO will be\nresponsible for this transaction on a day-to-day basis. He started his\ncareer in Morgan Stanley’s Mergers & Acquisitions division.\nImmediately prior to establishing the Merchant Bank, he was, for many\nyears, Managing Director and Head...