BARU GOLD GRANTS SHARE OPTIONS
Baru Gold Corp. has granted an aggregate 5.4 million stock options to directors, employees and consultants of the company in accordance with the provisions of the company's stock option plan, subject to the approval of the TSX Venture Exchange. Each option entitles the holder to purchase one common share of the company at an exercise price of 5.5 cents for a two-year period expiring Dec. 12, 2026.
The company also announces that it has granted an aggregate amount of 1.46 million stock options to Karen Dyczkowski, chief financial officer of the company, in accordance with the provisions of the company's stock option plan, subject to the approval of the TSX Venture Exchange. Each option entitles the holder to purchase one common share of the company at an exercise price of seven cents for a two-year period expiring Dec. 12, 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 Gold's team boasts extensive experience in starting and operating small-scale gold assets.
Frank Rocca, BAppSc (geology), MAusIMM, MAIG, CPI-KCMI, chief geologist of Baru Gold, is the qualified person as defined under NI 43-101, who has reviewed and approves the content of this release.
BARU GOLD CORPORATION
Per: “Terry Filbert”
Terry Filbert, Director
President & CEO
info@barugold.com
+1-206-890-8285
For investor contacts more information, please contact:
Kevin Shum
Investor Relations
kevin@jeminicapital.com
647-725-3888 ext 702
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.