Baru Gold to raise funds for Sangihe

Baru Gold Corp. (TSX-V:BARU) announced a non-brokered private placement offering up to 6.7 million units priced at $0.015 each, aiming to raise $100,500. Each unit includes one common share and one warrant allowing purchase of an additional share at $0.05 within two years. The financing is set to close by July 8, 2024. Proceeds will fund working capital needs as the company awaits upgrades to Production Operation status and finalizes financing negotiations.