Baru Gold Corporation Announces Amendment to Warrant Terms
Baru Gold Corp. (BARU: TSX.V | BARUF: OTCQB) ("Baru Gold" or the "Company") announces that it intends to amend the expiry dates of 13,136,799 outstanding common share purchase warrants (the "Warrants") originally issued on February 24, 2023 (5,681,799 Warrants) and March 15, 2023 (7,455,000 Warrants). The Warrants currently have expiry dates of July 24, 2025 and August 15, 2025, respectively, and the Company proposes to extend the expiry of both series of Warrants to December 31, 2025, subject to the approval of the TSX Venture Exchange. The Warrants have an exercise price of $0.10 per Warrant. Pursuant to the terms of the Warrants, the Company may accelerate the expiry date of the Warrants if the closing price of the Company's common shares on the TSX Venture Exchange equals or exceeds C$0.12 for 5 consecutive trading days, to the date which is 30 days following the dissemination of a news release announcing the acceleration. All other terms and conditions of the Warrants remain unchanged.
None of these Warrants are held by insiders and the proposed amendments remain subject to the approval of the TSX Venture Exchange.
ABOUT BARU GOLD CORP.
Baru Gold Corporation is a dynamic junior gold developer with NI 43-101 gold resources in Indonesia, one of the top ten gold producing countries in the world. Based in Indonesia and North America, Baru's team boasts extensive experience in starting and operating small-scale gold assets.
BARU GOLD CORP.
"Terry Filbert"
Terry Filbert
Director and Chief Executive Officer
info@barugold.com
604-684-2183
For investor contacts more information, please contact Kevin Shum Investor Relations kevin@jeminicapital.com
647-725-3888 ext. 702
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements in this News Release, which are not historical in nature, constitute "forward looking statements" within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning future work programs, results and timing of any work programs, the Company's performance or events as of the date hereof. These statements reflect management's current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project's output will not be salable at a price that will cover the project's operating and maintenance costs. Forward-looking statements should not be construed as investment advice. Readers should perform a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward-looking statements to reflect events or changes in circumstances that occur after the date hereof.
