Baru Gold Corp. (TSE:BARU) has released an update.
Baru Gold Corp has announced a new private placement offering up to 5 million units at $0.02 each to raise a total of $100,000 for working capital as they anticipate a production operation status upgrade. The offering has been spurred by increased investor interest following a rise in gold prices and the revocation of a management cease trade order by the British Columbia Securities Commission. The raised funds are earmarked for use as working capital and the offering is subject to regulatory approval and a four-month hold period under Canadian securities laws.
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