Baru Gold Corp. (TSX-V:BARU) announced that its board has approved settling up to $137,500 of debt by issuing common shares.
The company will issue up to 6,875,000 shares at $0.02 per share to certain directors and officers. This settlement covers management and director fees from October 2022 to May 2024 and is subject to TSX Venture Exchange approval. All issued securities will have a four-month hold period from the date of issuance.