Baru Gold (TSE:BARU) has released an update.
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Baru Gold Corp has announced a non-brokered private placement aiming to raise $100,500 through the issuance of 6,700,000 units at $0.015 each, with an addition of warrants for share purchases at $0.05. The funds raised will support the company’s working capital as it transitions to Production Operation status and concludes financing negotiations. The offering, which is not open to U.S. persons unless exempt, is subject to regulatory approval and includes a four-month hold period for the securities issued.
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