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Baru Gold launches $315K private placement to fund Indonesian gold project operations.

Company Fundamentals
08 Jun 2026
TheNewswire
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Neutral
pluang ai news

Baru Gold Corp is offering up to 7 million shares at $0.045 each, raising up to $315,000 through a private placement to support its operations for the next three months. The funds will cover staff salaries, legal fees, investor relations, travel, and general working capital related to its Sangihe Gold Project in Indonesia. The project holds significant inferred and indicated gold and silver resources but faces risks as it plans production without a feasibility study. The offering includes warrants exercisable over two years and is subject to regulatory approval and a four-month hold period under Canadian law.

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