BARU GOLD Announces Re-Pricing of Priv Ate Placement
News Release
March 25, 2025 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 RE-PRICING OF PRIV ATE PLACEMENT
Vancouver, BC - Baru Gold Corp (“Baru” and its subsidiary PT. Tambang Mas Sangihe (“TMS”) or the
“Company”) announces to shareholders in accordance with TSX Venture Exchange regulations and in response to
market conditions, it has adjusted the pricing of its non-brokered private placement initially set forth on February
27, 2025. The Company is now offering up to 25,000,000 common shares (the "Shares") at a revised price of $0.04
per share, for gross proceeds of up to $1,000,000. 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 $0.07. We expect to close approximately 50%
of the offering, that was raised in the first week of the announcement of the private placement, by the end of this
week and the balance of the financing is expected to close on or before April 20, 2025.
The funds will primarily be used to pay for the outstanding land use tax on the Sangihe Gold Project which is
payable to the Indonesian Ministry of Energy and Mineral Resources (ESDM). The land use tax, colloquially
referred to as “dead-rent” tax, is a fee payable annually. As previously announced, the Company has revised and
submitted all technical and documentary requirements to the ESDM to receive approval for an upgrade to
Production Operations and has been advised that the payment of taxes is the only outstanding requirement to receive
the upgrade to Production Operations.
The use of proceeds of the financing will be $800,000 for the land use taxes and the balance of the funds received
will be used for working capital while the Company waits for the issuance of the upgrade to Production Operations.
Once the upgrade to Production Operations is approved, several potential lenders have expressed interest in non-
dilutive forms of funding to scale project development.
There are no proposed payments to non-arm’s length parties of the Company and no payments to persons conducting
investor relations activities.
The Company reminds interested participants that the Private Placement is subject to re-pricing if the stock price
increases following the release of news.
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.
Baru Gold Corp
Baru Gold Corporation
9th Floor 1021 West Hastings St
Vancouver, BC V6C 1L6
www.barugold.com
The private placement is subject to regulatory approval, and all securities to be issued pursuant to the financing are
subject to a four-month hold period under applicable 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 offered 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.
ABOUT SANGIHE GOLD PROJECT
The Sangihe Gold Project (“Sangihe”) is located on the Indonesian island of Sangihe, off the northern coast of
Sulawesi with a gold bearing area of approximately 25,000 ha. Sangihe has an existing National Instrument 43-101
report suitable for mining planning and production schedules for an area within the 65-ha area targeted for initial
production. Within the area targeted for initial production, the National Instrument 43-101 report estimates over
200,000 oz of gold resource (Inferred: 91,000 and Indicated: 114,000), and over 3 million oz of silver resource
(Inferred: 1,080,000 and Indicated: 1,930,000) as reported in the Company’s “Independent Technical Report on the
Updated Mineral Resource Estimates of the Binebase and Bawone Deposits, Sangihe Project, North Sulawesi,
Indonesia” (Mining Associates Pty Ltd, February 1st, 2025). Only 10% of the gold bearing area has been explored.
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 benefit 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 increased uncertainty and various technological and
economic risks
The Company's 70-percent interest in the Sangihe-mineral-tenement Contract of Work (“CoW”) is held through
PT. Tambang Mas Sangihe (“TMS”). The remaining 30-percent interest in TMS is held by other 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 dynamic junior gold developer with NI 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.
On behalf of the Board of Directors
BARU GOLD CORP.
“Terry Filbert”
Terry Filbert
Chairman and Chief Executive Officer
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 historical 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 statements. Those risks include the interpretation of drill results; the geology, grade and continuity of
mineral deposits; the possibility that future exploration, 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 factors, 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.