Baru Gold Corp.

Baru Gold Corp. is happy to announce to stakeholders and investors that the industrial-scale, illegal mining operations on Sangihe Island have stopped. As of February 10, 2023, all known illegal mines on Sangihe Island are no longer operating. The illegal miners, virtually all non-residents, left Sangihe Island en masse. Their remaining pieces of heavy equipment are being moved off the worksites. As mentioned in our press [...]

Baru Gold Corp. is happy to announce to stakeholders and investors the signing of an agreement with an Asian-based Investment and Banking Advisory Firm to assist with placing a USD 15 Million gold-prepayment agreement . The financing to be covered by the Gold Loan is in the form of a loan that is non-dilutive to shareholders. The expected date of closing is in approximately 90 days. The Gold Loan is in addition to the [...]

Baru Gold Corp. announces that it has closed $140,800.00, issuing 7,040,000 Units in the first tranche of the $1.5 million financing previously announced on January 4, 2023. Each unit will be comprised of one common share in the capital of the Company and one common share purchase warrant . Each full Warrant shall be exercisable into one Share for 2 years from the date such Warrant is issued at an exercise price of $0.05 [...]

Baru Gold Corp. wishes to update stakeholders and investors on the legal status on its upcoming gold production project on Sangihe Island in North Sulawesi, Indonesia, and to correct false information posted online about the status of the Company's permits and Contract of Work. The Supreme Court of Indonesia has reached a decision on two legal challenges filed against various government departments. The first lawsuit was [...]

Baru Gold Corp. and subsidiary PT Tambang Mas Sangihe are pleased to update shareholders on positive changes related to our project on Sangihe Island. Direct physical confrontation and indirect actions by both illegal miners and their supporters have prevented TMS from operating on Sangihe. In October 2022, National Police Chief Listyo Sigit Prabowo appointed Setyo Budiyanto as Kapolda of the North Sulawesi Provincial [...]

Baru Gold Corp. wishes to provide an update on the lawsuit originally filed in Manado, Indonesia in October 2021 against two government departments responsible for the issuance of the Environmental Permit to Baru's subsidiary, PT Tambang Mas Sangihe. While TMS was not named in the Manado Lawsuit, the court granted permission for a representative of TMS to attend the proceedings in support of the government departments [...]

Baru Gold Corp. is pleased to announce a $1.5 million non-brokered private placement consisting of up to 75,000,000 units priced at $0.02 per unit . Each unit will be comprised of one common share in the capital of the Company and one non-transferable common share purchase warrant. Each Warrant will entitle the holder to purchase one additional Share at an exercise price of $0.05 for one year and $0.10 for the second year [...]

Baru Gold Corp. announces the appointment of Dr. Shidan Murphy to the board of directors and the resignations of Joseph Keane, John Ellis and Colin Davies, effective immediately. Dr. Shidan Murphy is an experienced analyst, environmentalist, and advisor based in Asia-Pacific. An award-winning scientist and author of several papers that focus on bird and fish habitat protection, Dr. Murphy started his career as a Research [...]

Baru Gold Corp. announces that the Company will not be proceeding with the proposed non-brokered private placement that was previously announced on October 12, 2022. The Company may announce a new non-brokered private placement in the future however is currently considering alternate forms of funding. ABOUT SANGIHE GOLD PROJECT The Sangihe Gold Project is located on the Indonesian island of Sangihe, off the northern coast [...]

Baru Gold Corp. is pleased to announce a $1.2 million non-brokered private placement consisting of up to 40,000,000 units priced at $0.03 per unit . Each unit will be comprised of one common share in the capital of the Company and one-half non-transferable common share purchase warrant . Each Warrant will entitle the holder to purchase one additional Share at an exercise price of $0.06 for two years from the date such [...]