Baru Gold Corp Adjusts Private Placement Pricing to Fund Sangihe Project

Baru Gold ( (TSE:BARU) ) just unveiled an update.

Baru Gold Corp has announced a re-pricing of its non-brokered private placement to raise up to $1,000,000 through the issuance of 25,000,000 common shares at $0.04 per share. The funds will be used primarily to pay outstanding land use taxes on the Sangihe Gold Project, a necessary step for obtaining an upgrade to Production Operations from the Indonesian Ministry of Energy and Mineral Resources. This move is expected to facilitate future non-dilutive funding opportunities for project development once the upgrade is approved.

More about Baru Gold

Baru Gold Corp is a mining company focused on the exploration and development of gold resources. Its primary project, the Sangihe Gold Project, is located on the Indonesian island of Sangihe, with significant gold and silver resources identified for potential production.

YTD Price Performance: -25.00%

Average Trading Volume: 378,946

Technical Sentiment Signal: Buy

Current Market Cap: C$13.14M

See more data about BARU stock on TipRanks’ Stock Analysis page.