Baru Gold closes first tranche of private placement

Baru Gold Corp. (TSX-V:BARU) has closed a private placement, raising $119,500 through the issuance of 5,975,000 Units. Each unit consists of one common share and one non-transferable common share purchase warrant, exercisable for two years at $0.05 per share. The funds will be used for legal fees to upgrade the Sangihe Gold Project to production status, with no finder’s fees paid.