Baru Gold Corp. (TSE:BARU) has released an update.
Baru Gold Corp has successfully completed the first tranche of its private placement, raising $67,000 through the issuance of 3.35 million units, each including a share and a purchase warrant. The funds are earmarked for legal expenses to advance its Sangihe Gold Project towards production status and for working capital, with no finder’s fees paid. The offering, which saw insider participation under certain exemptions, carries a four-month hold period on the securities.
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