BARU GOLD Announces Shares FOR Debt Transaction and Cancellation of Previously Announced Debt Settlement
News Release
November 13, 2023 Trading Symbol: “BARU: TSX.V | BARUF: OTCQB”
BARU GOLD ANNOUNCES SHARES FOR DEBT TRANSACTION AND
CANCELLATION OF PREVIOUSLY ANNOUNCED DEBT SETTLEMENT
Vancouver, BC - Baru Gold Corp. (“ Baru” or the “Company”) announces that it has approved the
settlement in the amount of $183,139.68 of debt through the issuance of common shares of the Company (the
“Debt Settlement”). Pursuant to the Debt Settlement, the Company would issue 6,104,656 common shares
of the Company at a deemed price of $0.03 per common share to Terrence Filbert, the Chairman and CEO of
the Company (the “Creditor”).
The Debt Settlement is for $128,139.68 in cash advances from Te rrence Filbert to the Company from
February 2023 to May 2023, and $55,000.00 in management fees from September 2022 to August 31, 2023.
The issuance of the common shares to the Creditor is subject to the approval of the TSX Venture Exchange.
All securities issued will be subject to a four month hold peri od which will expire on the date that is four
months and one day from the date of issue.
Insiders of the Company particip ation 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 shareholde r 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 proposed settlement of $334,463.28 of debt through the issuance of 6,689,266 common shares as
announced on September 25, 2023 is hereby cancelled.
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 w orld. Based in Indonesia and North
America, Baru’s team boasts extensive experience in starting and operating small-scale gold assets.
BARU GOLD CORP
Per: “Terrence Filbert”
Terrence Filbert, Director
President & CEO
Baru Gold Corporation
9th Floor 1021 West Hastings St
Vancouver, BC V6C 1L6
www.barugold.com
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 ar e 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 thos e 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 expecta tions; 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 mi ning exploration risks
and production and economic risks related to design and engineering, manufacturing,
technological processes and test procedures and th e 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 investme nt advice. Readers should perform a detailed,
independent investigation and analysis of the Com pany 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.