BARU GOLD Corp Receives Approval FOR Mcto
News Release
Baru Gold Corp.
Baru Gold Corporation
9th Floor 1021 West Hastings St
Vancouver, BC V6C 1L6
www.barugold.com
January 2, 2025 Trading Symbol: “BARU: TSX.V | BARUF: OTCQB”
BARU GOLD CORP RECEIVES APPROVAL FOR MCTO
VANCOUVER, B.C. Baru Gold Corp. (the “Company”) announces, the Company’s request for a Management
Cease Trade Order (“MCTO”), has received approval. The request was made as it was not able to file its audited
annual financial statement for the period ended August 31, 2024, and its MD&A by the filing deadline of December
30, 2024 (collectively, the “Annual Filings”), and as a result is in default of its obligations under National Instrument
51-102 Continuous Disclosure Obligations.
The Company has been granted approval from the British Columbia Securities Commission for the MCTO under
National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”). The Company applied for a MCTO as the
Company required additional time to raise the necessary capital to fund its annual audit within the time frame to file
on or before December 30, 2024. The auditor has been paid, and once the audit work is complete, the Annual Filings
will be made.
The Company expects to file the Annual Filings as soon as funds are available, but in any event on or before February
28, 2025 (two-month period contemplated by NP 12-203).
Until the Company files the Annual Filings, it will comply with the alternative information guidelines set out in NP
12-203. The guidelines, among other things, require the Company to issue bi-weekly default status reports, in the form
of news releases, for so long as the Annual Filings have not been filed.
The Company wishes to reiterate that during the MCTO, the general investing public will continue to be able to trade
in the Company’s common shares listed on the Canadian Securities Exchange. However, the Company’s Chief
Executive Officer and Chief Financial Officer and such other directors, officers and persons as determined by the
applicable regulatory authorities will not be able to trade in the Company’s shares, nor will the Company be able to,
directly or indirectly, issue securities to or acquire securities from an insider or employee of the Company until such
time as the Annual Filings and all continuous disclosure requirements have been filed by the Company, and the MCTO
has been lifted.
On behalf of the Board of Directors
BARU GOLD CORP.
“Terry Filbert”
Terry Filbert
Director and Chief Executive Officer
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 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 those expressed or implied
by such forward looking statements. Those risks include the interpretation of drill results ; t he 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 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 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.
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 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 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 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 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.
Kevin Shum Investor
Relations
m
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 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
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 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 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.