BARU GOLD Announces Private Placement
News Release
June 26, 2024 Trading Symbol: “BARU: TSX.V | BARUF: OTCQB”
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
BARU GOLD ANNOUNCES PRIVATE PLACEMENT
Vancouver, BC - Baru Gold Corp (“Baru” and its subsidiary PT. T ambang Mas Sangihe (“TMS”) or the
“Company”) announces to shareholders a non-brokered private placement consisting of up to 6,700,000 units
priced at $0.015 per unit for total proceeds of $100,500.
Each unit will comprise one common share in the capital of the Company and one non-transferable common
share purchase warrant. Each warrant will entitle the holder to purchase over two years one additional share at
an exercise price of $0.05. This round of financing is expected to close on or before July 8 2024.
The use of proceeds of the financing will be for working capita l while the Company awaits the issuance of
the State of Activity upgrade to Production Operation status and completes financing negotiations. There are
no proposed payments to non-arm’s length parties of the Company and no payments to persons conducting
investor relations activities.
Insiders of the Company participation in the foregoing offering constitutes a "related party transaction" as
defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special
Transactions (“MI 61-101”). Such participation is exempt from the formal valuation and minority shareholder
approval requirements of MI 61-101 as neither the fair market value of the securities acquired by the insiders,
nor the consideration for the securities paid by such insiders, exceed 25% of the Company's market
capitalization.
The private placement is subject to regulatory approval, and al l securities to be issued pursuant to the
financing are subject to a four-month hold period under applica ble Canadian securities laws. All funds are
denominated in Canadian dollars. In connection with the private placement, the company may pay finders'
fees in cash or securities, or a combination of both, as may be permitted by the policies of the exchange.
The securities being offered have not been, nor will they be, registered under the United States Securities Act
of 1933, as amended, or state securities laws, and may not be o ffered or sold within the United States or to,
or for the account or benefit of, U.S. persons absent U. S. federal and state registration or an applicable
exemption from the U.S. registration requirement.
Baru Gold Corp.
Baru Gold Corporation
9th Floor 1021 West Hastings St
Vancouver, BC V6C 1L6
www.barugold.com
ABOUT SANGIHE GOLD PROJECT
The Sangihe Gold Project (“Sangihe”) is located on the Indonesi an island of Sangihe, off the northern coast
of Sulawesi. Sangihe has an existing National Instrument 43-101 inferred mineral resource of 114,700
indicated and 105,000 inferred ounces of gold, as reported in the Company's “Independent Technical Report
on the Mineral Resource Estimates of the Binebase and Bawone De posits, Sangihe Project, North Sulawesi,
Indonesia” (May 30, 2017). Readers are cautioned that mineral resources that are not mineral reserves do not
have demonstrated economic viability.
The Company intends to proceed to production without the benefi t of first establishing mineral reserves
supported by a feasibility study. The Company cautions readers that the any production decision made by the
Company will not be based on a NI 43-101 feasibility study of mineral reserves that demonstrates economic
and technical viability and as such, there may be involved incr eased uncertainty and various technological
and economic risks
The Company's 70-percent interest in the Sangihe-mineral-teneme nt Contract of Work (“CoW”) is held
through PT. Tambang Mas Sangihe ( “TMS”). The remaining 30-perce nt interest in TMS is held by three
Indonesian corporations. The term of the Sangihe CoW agreement is 30 years upon commencement of the
production phase of the project.
Baru has met all the requirements of the Indonesian government and has been granted its environmental
permit.
ABOUT BARU GOLD CORP.
Baru Gold Corporation is a dynami c junior gold developer with N I 43-101 gold resources in Indonesia, one
of the top ten gold producing countries in the world. Based in Indonesia and North America, Baru’s team
boasts extensive experience in starting and operating small-scale gold assets.
BARU GOLD CORP
Per: “Terry Filbert”
Terry Filbert, Director
President & CEO
For investor contacts more information, please contact:
Kevin Shum
Investor Relations
647-725-3888 ext 702
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements in this News Release, which are not hi storical in nature, constitute “forward looking statements”
within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not
limited to, statements or information concerning future work programs, results and timing of any work programs, the
Company’s performance or events as of the date hereof. These statements reflect management’s current assumptions
and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and
uncertainties and other factors which may cause actual results , performance or events to be materially different from
those expressed or implied by such forward looking statemen ts. Those risks include the interpretation of drill results;
the geology, grade and continuity of mineral deposits; the possibility that future explor ation, development or mining
results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate
financing; regulatory, recovery rates, refinery costs, and other relevant conversion fa ctors, permitting and licensing
risks; general market and mining exploration risks and production and economic risks related to design and engineering,
manufacturing, technological processes and test procedures and the risk that the project’s output will not be salable at
a price that will cover the project’s operating and maintenance costs. Forward-looking statements should not be
construed as investment advice. Readers should perform a detailed, independent investigation and analysis of the
Company and are encouraged to seek independent professional advice before making any investment decision.
Accordingly, readers should not place undue reliance on any forward-looking statement. Except as required by
applicable securities laws, the Company disclaims any obligation to update or revise any forward looking statements to
reflect events or changes in circumstances that occur after the date hereof.