Baru Gold (TSE:BARU) has released an update.
Baru Gold Corp has successfully completed a private placement, raising $113,000 through the issuance of over 7.5 million units, each including a share and a warrant. The funds are earmarked for working capital, and no finder’s fees were paid. An insider, now holding more than 5% of the shares, participated in the transaction, which is pending final Exchange approval and will have a four-month hold period.
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