BARU GOLD Closes Shares FOR Debt Settlement
News Release
September 11, 2024 Trading Symbol: “BARU: TSX.V | BARUF: OTCQB”
BARU GOLD CLOSES SHARES FOR DEBT SETTLEMENT
Vancouver, BC - Baru Gold Corp. (“ Baru” or the “Company”) reports that its board of directors
has approved the settlement of up to $162,782 of debt through the issuance of common shares of the
Company (the “Debt Settlement”). Pursuant to the Debt Settlement, the Company would issue up to
10,852,133 common shares of the Company (the “Shares”) at a deemed price of $0.015 per Share to
Shidan Murphy, director of the Company (the “Creditor”)
The Debt Settlement, previously announced on August 29, 2024, h as been amended to $162,782
cash advances to the Company from November 2022 to May 2023. These cash advances were non-
interest bearing, unsecured, with no stated terms of repayment.
The issuance of the common shares to the Creditor is subject to the final acceptance 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.
The Creditor participating in this debt settlement is an insider of the Company and accordingly, the
debt settlement and the cash advances to the Company are consid ered a "related party transaction"
as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in
Special Transactions (“MI 61-101”). The Company relied on the exemptions for a formal valuation
and minority shareholder approval requirements under MI 61-101 on the basis of the exemptions of
M61-101, as neither the fair market value of the shares issued to insiders in connection with the debt
settlement, and the fair market value of the advances did not e xceed 25 per cent of the Company's
market capitalization.
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 Corporation
9th Floor 1021 West Hastings St
Vancouver, BC V6C 1L6
www.barugold.com
BARU GOLD CORP
Per: “Terrence Filbert”
Terrence 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 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.