Baru Gold Corp. (TSX-V:BARU) has approved a debt settlement of $334,463.28 by issuing 6,689,266 common shares at $0.05 per share to Terry Filbert, CEO, with this issuance subject to TSX Venture Exchange approval and a four-month hold period. The involvement of insiders in this transaction is considered a "related party transaction" but is exempt from formal valuation and minority shareholder approval requirements as it falls below the 25% threshold of the company's market capitalization.
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