Baru Gold Corporation announced a non-brokered private placement of up to 6,700,000 units at a price of CAD 0.015 per unit for the gross proceeds of CAD 100,500 on June 26, 2024. Each unit will comprise one common share and one non-transferable common share purchase warrant. Each warrant will entitle the holder to purchase over two years one additional share at an exercise price of CAD 0.05.

The transaction included participation from insiders of the company. The transaction is expected to close on or before July 8, 2024. The private placement is subject to regulatory approval, and all securities to be issued pursuant to the financing are subject to a four-month hold period under applicable Canadian securities laws.

The company may pay finders' fees in cash or securities, or a combination of both, as may be permitted by the policies of the exchange.