Baru Gold Corp. (TSX-V:BARU) said its board of directors has approved the settlement of up to $157,500 of debt through the issuance of shares.
The debt settlement is for management and director fees from October 2022 to May 2024.
The junior gold developer said it will issue up to 7,875,000 shares at $0.02 per share to certain directors and officers of the company.