BARU GOLD Announces Shares FOR Debt Transaction
News Release
September 25, 2023 Trading Symbol: “BARU: TSX.V | BARUF: OTCQB”
BARU GOLD ANNOUNCES SHARES FOR DEBT TRANSACTION
Vancouver, BC - Baru Gold Corp . (“Baru”) announces that it has approved the settlement in the
amount of $334,463.28 of debt through the issuance of common shares of the Company (the “ Debt
Settlement”). Pursuant to the Debt Settlement, the Company would issue 6,689,266 common shares of the
Company (the “Shares”) at a deemed price of $0.05 per Share to Terry Filbert, the Chairman and CEO of the
Company (the “Creditor”).
The issuance of the Shares to the Cr editor is subject to the approval of the TSX Venture Exchange. All
securities issued will be subject to a four month hold period which will expire on the date that is four months
and one day from the date of issue.
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.
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.
BARU GOLD CORP
Per: “Terry Filbert”
Terry 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 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 c urrent 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 p roject’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.