BARU GOLD Corp. Adopts Shareholder Rights Plan
News Release
February 5, 2021 Trading Symbol: “TSX.V: BARU | OTCQB: BARUF”
BARU GOLD CORP. ADOPTS SHAREHOLDER RIGHTS PLAN
Vancouver, Canada – Baru Gold Corp (“Baru Gold” or the “Company”) 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 Plan has been adopted to ensur e 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 right will be issued and attached to each
common share of the Company outstanding at such time as an applicable event occurs. The rights
will automatically attac h to the common shares of Baru Gold ( the “ Common Shares” ) and no
further action will be required by shareholders. Under the provisions of the Plan, a right will also
automatically attach to each Common Share of Baru Gold issued hereafter.
Subject to the terms of the Plan and to certain exceptions provided therein, the right s will become
exercisable in the event that any person, together with joint actors, acquires or announces its
intention to acquire 20 percen t or more of the Company’s outstanding Common Shares without
complying with the “Permitted Bid” provisions of the Pl an, or in circumstances where the
application of the Plan is waived in accordance with the terms of the Plan.
The Plan has been condit ionally approved by the TSX Venture Exchange , and is subject to the
ratification by the shareholders of the Company within six months of its effective date. The Board
intends to recommend the ratification of the Rights Plan for approval by its shareholders at the
Company’s next annual meeting of shareholders, which will be held prior to December 21 , 2021. If
ratified by shareholders, the Plan wi ll have an initial term of three years. If the Plan is not ratified
by the Company’s shareholders at the annual meeting of shareholders, the Plan and all rights issued
thereunder will terminate and cease to be effective at that time.
ABOUT BARU GOLD CORPORATION
Baru Gold Corporation (formerl y East Asia Minerals) is positioning itself to become Indonesia’s
new gold producer. We are a dynamic junior gold developer wi th NI43- 101 gold resources in
Indonesia, one of the top ten gold producer cou ntries in the world. In 2020, Baru Gold received
approval on the environmental permit and became compliant on all government requirements for
the Sangihe Gold Project. Baru has received the approval for the upgrade of its licence to advance
the project to construction and production in 2021.
Baru Gold Corporation
9th Floor 1021 West Hastings St
Vancouver, BC V6C1L6
www.barugold.com
The Company intends to proceed to production without the benefit of first establishing m ineral
reserves supported by a feasibility s tudy. The Company cautions readers that 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 econom ic risks such as 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 e xpectations; commodity
and currency price f luctuation; failure to obtain adequate f inancing; 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.
Our t eam of min ing and finance professionals are based both in North America and l ocally in
Indonesia and boasts extensive experience in starting and operating small-scale gold and coal assets.
With sufficient f unds and strong retail and institutional sha reholder support , Baru Gold is well
positioned to take advantage of the increased i nterest in gold and precious metals with both
exploration upsides and operation cashflow in 2021.
BARU GOLD CORPORATION
Per: “Terry Filbert”
Terry Filbert, Director
President & CEO
+1-206-890-8285
For investor contacts more information, please contact:
Kevin Shum
Investor Relations
647-725-3888 ext 702
Neither TSX Venture Exchange nor its Regulation Services Provide r (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 statement s”
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 ar e 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. Th ose risks include the interpretation of dril l resu lts; 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 o ther relevant conversion fa ctors, 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 n ot 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 state ment. 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.