Baru Gold Corp (CSE: BARU) has completed a non-brokered private placement, raising aggregate proceeds of $338,589 through the issuance of 5,643,150 units — an increase from the size originally announced on September 10, 2026. The financing includes common shares paired with two-year share purchase warrants exercisable at $0.10, providing potential additional capital if exercised. The completion advances the company's funding position as it continues to develop its Sangihe Gold Project in Indonesia, an asset carrying an inferred and indicated gold resource of over 200,000 ounces.

Key Points

  • Baru Gold Corp (BARU) completed a non-brokered private placement on September 25, 2026
  • The company raised $338,589 by issuing 5,643,150 units, each comprising one common share and one two-year warrant at $0.10
  • Cash commissions of $5,599.80 were paid and 70,000 Compensation Warrants were issued in connection with the placement
  • All issued securities are subject to a four-month hold period; final regulatory approval remains pending

Structure and Terms of the BARU Private Placement

Each of the 5,643,150 units issued under the placement consists of one common share and one non-transferrable share purchase warrant. Each warrant entitles the holder to acquire one additional common share at $0.10 over a two-year period, providing leverage to existing participants if Baru Gold's share price appreciates. The company paid aggregate cash commissions of $5,599.80 and issued 70,000 Compensation Warrants in connection with the financing. All securities issued are subject to a four-month statutory hold period under applicable Canadian securities laws, and the placement remains subject to final regulatory approval.

Use of Proceeds and Upsized Offering

The placement was increased from the size originally disclosed in Baru Gold's September 10, 2026 announcement, though the intended use of proceeds remains unchanged from that earlier communication. The company did not disclose a detailed breakdown of how proceeds will be allocated in this announcement. All funds are denominated in Canadian dollars. The securities have not been registered under the United States Securities Act of 1933 and may not be offered or sold to U.S. persons absent applicable registration exemptions, limiting distribution to eligible non-U.S. investors.

Sangihe Gold Project Resource Base and Development Status

The Sangihe Gold Project covers approximately 25,000 hectares on the Indonesian island of Sangihe. A National Instrument 43-101 technical report, prepared by Mining Associates Pty Ltd and dated February 1, 2025, estimates over 200,000 ounces of gold resource (Indicated: 114,000 oz; Inferred: 91,000 oz) and over 3 million ounces of silver resource within the 65-hectare area targeted for initial production. The company holds a 70-percent interest through subsidiary PT. Tambang Mas Sangihe. Readers are cautioned that inferred and indicated mineral resources do not have demonstrated economic viability, and the company has disclosed it intends to proceed toward production without first completing a feasibility study.