Mr. Terry Filbert reports
BARU GOLD CORP. ANNOUNCES AMENDMENT TO WARRANT TERMS
Baru Gold Corp. intends to amend the expiry dates of 13,136,799 outstanding common share purchase warrants, originally issued on Feb. 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 Aug. 15, 2025, respectively, and the company proposes to extend the expiry of both series of warrants to Dec. 31, 2025, subject to the approval of the TSX Venture Exchange. The warrants have an exercise price of 10 cents 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 12 cents for five consecutive trading days, to the date that 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 is a dynamic junior gold developer with National Instrument 43-101 gold resources in Indonesia, one of the top 10 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.
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