Baru Gold Corp. has entered a forbearance agreement with Mercer Street Global Opportunity Fund to delay repayment of a matured CDN $816,110 convertible loan until July 2027. In exchange, the company will issue over 6.5 million bonus warrants and has reduced the loan's interest rate.
Baru Gold Corp has completed a non-brokered private placement for aggregate proceeds of $336,625 through the issuance of 7,480,555 units. The announcement also restates the Sangihe Gold Project's mineral resources, which include over 200,000 oz of gold and 3 million oz of silver.
Baru Gold Corp has announced a private placement of up to 7,000,000 common shares at $0.045 per share, aiming to raise up to $315,000 to support operations for the next three months. The announcement also references historical NI 43-101 resource estimates for the Sangihe Gold Project in Indonesia.
Baru Gold has awarded a contract for the design and construction of an automated Electrowinning Elution Column Plant at the Sangihe Gold Project in Indonesia. The modular plant is designed to support initial production of 1,500 ounces of gold per month, with scalability up to 3,000 ounces.
