Baru Gold Corp. (TSX-V:BARU) announced it has completed its private placement for an aggregate of $113,000, issuing 7,533,333 units.
Each unit consisted of one share and one non-transferable share purchase warrant exercisable for two years at $0.05.
The proceeds from the private placement will be used for working capital with no payments to non-arm’s length parties and/or investor relations providers.