Baru Gold Corp. (TSX-V:BARU) announced it has completed a private placement, raising $330,000 through the issuance of 8.25 million units.
Each unit consists of one common share and one two-year warrant exercisable at $0.06.
The funds will be used for audit fees, land taxes, working capital, and due diligence for funding production operations.
Baru Gold is a junior gold developer with NI 43-101 gold resources in Indonesia focused on advancing its Sangihe Gold Project, which has over 1 million ounces of inferred and indicated gold resources.