Baru Gold Corp. Announces Private Placement for Working Capital
Vancouver, BC — September 10, 2026 — Leads & Copy — Baru Gold Corp. announced a non-brokered private placement aimed at raising up to $240,000 through the sale of 4,000,000 units at $0.06 per unit. Each unit will include one common share and one common share purchase warrant, with warrants exercisable at $0.10 for two years.
The financing is anticipated to conclude by September 16, 2026. Proceeds from this placement will be allocated to working capital. The terms of the private placement are subject to re-pricing based on stock price movements following news releases.
The participation of company insiders in this offering constitutes a related party transaction under Multilateral Instrument 61-101. However, this participation is exempt from formal valuation and minority shareholder approval requirements as the market value of the securities acquired by insiders, and the consideration paid, do not exceed 25% of the Company’s market capitalization.
Regulatory approval is required for the private placement. All securities issued will be subject to a four-month hold period under Canadian securities laws. All funds are denominated in Canadian dollars. The company may also issue finders’ fees, in cash or securities, as permitted by exchange policies.
The securities have not been registered under the United States Securities Act of 1933 and may not be offered or sold within the United States or to U.S. persons without registration or an applicable exemption.
Baru Gold’s subsidiary, PT. Tambang Mas Sangihe (TMS), holds a 70% interest in the Sangihe Gold Project located on the Indonesian island of Sangihe. The project encompasses a gold-bearing area of approximately 25,000 hectares, with only 10% explored to date.
An existing National Instrument 43-101 report supports mining planning and production schedules for a 65-hectare area targeted for initial production. The company cautions that mineral resources, which are not mineral reserves, do not have demonstrated economic viability. Baru Gold intends to proceed to production without establishing mineral reserves supported by a feasibility study, acknowledging the increased uncertainty and associated technological and economic risks.
The Sangihe mineral-tenement Contract of Work (CoW) has a 30-year term upon commencement of the production phase. Baru Gold has fulfilled all Indonesian government requirements, including obtaining its environmental permit. The remaining 30% interest in TMS is held by other Indonesian corporations.
Baru Gold Corporation is a junior gold developer with NI 43-101 gold resources in Indonesia. The company’s team possesses significant experience in developing and operating small-scale gold assets. Frank Rocca, Chief Geologist, is the Qualified Person who has reviewed and approved the content of this release.
Source: Baru Gold Corp
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