Baru Gold (TSE:BARU) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Baru Gold Corp has announced a strategic partnership with PT Arsari Tambang, where PT Arsari Tambang will acquire a 10% equity stake in Baru’s subsidiary, PT Tambang Mas Sangihe. This partnership is non-dilutive to Baru’s shareholders and includes an option for PT Arsari Tambang to increase its stake by an additional 15% over five years.
For further insights into TSE:BARU stock, check out TipRanks’ Stock Analysis page.