BARU GOLD Corp. Adopts Shareholder Rights Plan
News Release
Baru Gold Corporation
9th Floor 1021 West Hastings St
Vancouver, BC V6C 1L6
www.barugold.com
July 25, 2023 Trading Symbol: “BARU: TSX.V | BARUF: OTCQB”
BARU GOLD CORP. ADOPTS SHAREHOLDER RIGHTS PLAN
Vancouver, BC - Baru Gold Corp (the “Company” or “Baru”) announced that its Board of Directors
has approved a new shareholder rights plan (the “ Plan”) pursuant to a shareholder rights agreement
between the Company and Computer Trust Company of Canada as rights agent, effective immediately,
the shareholders of the Company. The Plan has been adopted to e nsure the fair treatment of all
shareholders in connection with any take-over bid for the Company. The Plan is not being adopted in
response to any specific proposal to acquire control of Baru Gold, nor is the Board of Directors aware
of any pending or threatened take-over bid for Baru Gold.
On the effective date, at the close of business today, one righ t will be issued and attached to each
common share of the Company outstanding at such time. The right s will automatically attach to the
common shares of Baru Gold (the “ Common Shares ”) and no further action will be required by
shareholders. A right will also automatically attach to each Co mmon Share of Baru Gold issued
hereafter.
Subject to the terms of the Plan and to certain exceptions prov ided therein, the rights will become
exercisable in the event that any person, together with joint actors, acquires or announces its intention
to acquire 20 percent or more of the Company’s outstanding Common Shares without complying with
the “Permitted Bid” provisions of the Plan or in circumstances where the application of the Plan is
waived in accordance with its terms.
The Plan has been conditionally approved by the TSX Venture Exc hange and is subject to the
ratification by the shareholders of the Company within six mont hs of its effective date. The Board
intends to recommend the ratification of the Rights Plan for ap proval by its shareholders at the
Company’s next annual meeting of shareholders, which will be he ld prior to December 31, 2023. If
ratified by shareholders, the Plan will have an initial term of three years. If the Plan is not ratified by
the Company’s shareholders at th e annual meeting of shareholder s, the Plan and all rights issued
thereunder will terminate and cease to be effective at that time.
The Company also wishes to advise that each finder’s warrant issued in connection with the closing of
the financing announced on June 22, 2023, shall be exercisable for one common share in the capital of
the Company for 2 years from the date such warrant is issued at an exercise price of $0.05 for the first
year and $0.10 for the second ye ar. Specifically, 14,000 finde r’s warrants shall expire on June 23,
2025.
ABOUT BARU GOLD
Baru Gold is a dynamic junior gold developer with National Inst rument 43-101 gold resources in
Indonesia, one of the top 10 gold-producing countries in the wo rld. 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 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 m anagement’s current a ssumptions 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 engin eering, manufacturing, technol ogical 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 statemen ts should not be construed as investment advi ce. Readers should p erform a
detailed, independent investigation and analysis of the Company and are encouraged to seek independent
professional advice be fore making any in vestment decision. Accordingly, readers s hould not place undue
reliance on any forward-looking st atement. Except as required by app licable 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.