Baru Gold Completes Second and Final Tranche of Private Placement

Group 1 - Baru Gold Corp. has successfully closed the final tranche of an oversubscribed non-brokered private placement financing, raising total gross proceeds of $1,383,606 [1][2] - The private placement was initially targeted at $799,000 but was increased to $1,300,000 due to strong investor demand, ultimately exceeding the original target by $584,606 or 73% [2] - Tranche Two specifically raised gross proceeds of $485,653.07, issuing 5,713,565 Units at a price of $0.085 per Unit [3] Group 2 - Each Unit issued consists of one common share and one common share purchase warrant, with each warrant allowing the holder to acquire an additional common share at a price of $0.115 for two years [1] - The securities from Tranche Two are subject to a four-month hold period, expiring on November 23, 2025, and the private placement is pending final approval from the TSX Venture Exchange [3] Group 3 - The Sangihe Gold Project, located on the Indonesian island of Sangihe, covers a gold-bearing area of approximately 25,000 hectares, with only 10% explored to date [5][6] - The company holds a 70% interest in the Sangihe mineral tenement Contract of Work through PT. Tambang Mas Sangihe, with a 30% interest held by other Indonesian corporations [7] - Baru Gold Corp. is recognized as a junior gold developer with NI 43-101 gold resources in Indonesia, a leading gold-producing country [8]