Mr. Shidan Murphy reports
BARU GOLD GRANTS RESTRICTED SHARE UNITS
Baru Gold Corp. has granted an aggregate
10,318,006
restricted share units to Terry Filbert, chief executive officer of the company in accordance with the provisions of the company's restricted share units plan.
The grant of the RSUs is subject to the approval of the TSX Venture Exchange. The RSUs entitle the holder to: (i) a lump-sum payment in cash equal to the number of vested RSUs recorded in the holder's account; or (ii) the number of common shares required to be issued to a holder upon the vesting of such holder's RSUs (on the basis of one common share for each vested RSU).
All securities issued in the aforementioned will be subject to a four-month hold period expiring
July 10, 2026.
Insiders of the company participation in the foregoing grant of securities constitutes a related party transaction as defined under Multilateral Instrument 61-101,
Protection of Minority Security Holders in Special Transactions. Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities acquired by the insiders nor the consideration for the securities paid by such insiders exceeds 25 per cent of the company's market capitalization.
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.
We seek Safe Harbor.
© 2026 Canjex Publishing Ltd. All rights reserved.