Baru Gold announces US$1.5 million financing

Published by Joe Toft, Editorial Assistant
Global Mining Review, Thursday, 05 January 2023 16:00

Baru Gold Corp has announced a US$1.5 million non-brokered private placement consisting of up to 75 000 000 units priced at US$0.02 per unit. Each unit will be comprised of one common share in the capital of the company and one non-transferable common share purchase warrant. Each warrant will entitle the holder to purchase one additional share at an exercise price of US$0.05 for one year and US$0.10 for the second year from the date such warrant is issued. The financing is expected to close on or before 15 February 2023.

The use of proceeds percentage of the financing will be 15% for land acquisition, 20% for drilling, 7% for security, 3% for investor relations, 23% for payments to non-arm’s length parties and 32% for working capital.

Read the article online at: https://www.globalminingreview.com/mining/05012023/baru-gold-announces-us15-million-financing/

Ivanhoe Electric selects Railveyor for new US copper project

Thursday 26 June 2025 12:30

Railveyor Technologies has been selected as the preferred haulage solution provider for Ivanhoe Electric’s Santa Cruz Copper Project in Arizona.

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