Baru Gold Corp. (TSX-V:BARU) is conducting a non-brokered private placement offering up to 7.5 million units at $0.04 per unit, aiming to raise $300,000.
Each unit consists of one common share and one warrant, exercisable at $0.06 per share over two years.
Proceeds will cover audit fees, land taxes, and working capital, supporting the company’s due diligence and regulatory processes related to its Indonesian operations.
The placement is expected to close by December 13, 2024.