Baru Gold Corp. (TSX-V:BARU) and its subsidiary PT. Tambang Mas Sangihe are conducting a non-brokered private placement of up to 6.7 million units at $0.015 per unit, totaling $100,500.
Each unit includes one common share and one warrant, allowing the purchase of an additional share at $0.05 over two years. The financing, closing by September 30, 2024, will fund working capital as the company seeks a State of Activity upgrade and completes financing talks.
No payments are proposed to non-arm's length parties or for investor relations activities.