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 [...]
Baru Gold Corp. wishes to provide an update on the appeal of a lawsuit filed in Makassar, Indonesia against two government departments responsible for the issuance of the Environmental Permit to Baru's subsidiary, PT Tambang Mas Sangihe. The Makassar Lawsuit was filed in October 2021 against the North Sulawesi Province Government Head of Investment and One Stop Integrated Services of North Sulawesi and Head of [...]
Baru Gold Corp. wishes to provide an update on the appeal of a lawsuit filed in Jakarta, on June 23, 2021, against the Ministry of Energy and Mineral Resources, the government department which issued the operational mining permit to Baru's subsidiary, PT Tambang Mas Sangihe. While Baru was not named in the lawsuit, the court granted permission for a representative of Baru to attend the proceedings in support of MEMR, as [...]
Baru Gold Corp. announces it has granted an aggregate amount of 1,700,000 stock options to directors, employees and consultants of the Company in accordance with the provisions of the Company's stock option plan, subject to the approval of the TSX Venture Exchange. Each option entitles the holder to purchase one common share of the Company at an exercise price of $0.05 for a two-year period. ABOUT SANGIHE GOLD PROJECT The [...]
Baru Gold Corp. wishes to affirm its ownership rights of the Sangihe Gold Project in response to recent media reports of the Indonesian government revoking mining permits in the country and provides information on a lawsuit recently filed in Indonesia by the Company's subsidiary PT Tambang Mas Sangihe . Ownership Rights of TMS Indonesia's Investment Minister Bahlil Lahadalia recently announced the Investment Ministry had [...]
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