The latest update is out from Baru Gold ( (TSE:BARU) ).
Baru Gold Corp has completed the first tranche of its private placement, raising $336,321.88 and issuing over 8 million units. The funds will be used for working capital and land use taxes, with no payments to non-arm’s length parties. The private placement is subject to final exchange approval, and all securities will have a four-month hold period.
More about Baru Gold
Baru Gold Corporation is a junior gold developer with NI 43-101 gold resources located in Indonesia, one of the world’s top ten gold-producing countries. The company operates the Sangihe Gold Project on the Indonesian island of Sangihe, with a significant gold and silver resource base.
YTD Price Performance: -33.33%
Average Trading Volume: 384,839
Technical Sentiment Signal: Buy
Current Market Cap: C$10.22M
For detailed information about BARU stock, go to TipRanks’ Stock Analysis page.