Baru Announces Updates To Its Restricted Share Units Plan
January 7 - Baru Gold Corp. (the "Company" or "Baru") announces that its Board of Directors has made certain amendments to its existing restricted share units plan (the "RSU Plan") that are intended to comply with the provisions of TSXV Policy 4.4 - Security Based Compensation, as well as other housekeeping changes. The amended RSU Plan is a fixed up to 5% restricted share units plan was approved by the shareholders of the Company at the annual general meeting of shareholders held on December 31, 2024.
Under the amended RSU Plan, the Company may grant up to 14,190,371 common shares (5% of the issued and outstanding common shares of the Company) to eligible participants pursuant to the terms of the RSU Plan. The amended RSU Plan is subject to final acceptance of the TSXV.
The Company's 2024 stock option plan is a 10% rolling stock option plan.
BARU GOLD CORP
Per: "Terry Filbert"
Terry Filbert, Director
President & CEO info@barugold.com 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.
Certain statements in this News Release, which are not historical in nature, constitute "forward looking statements" within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning future work programs, results and timing of any work programs, the Company's performance or events as of the date hereof. These statements reflect management's current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project's output will not be salable at a price that will cover the project's operating and maintenance costs. Forward-looking statements should not be construed as investment advice. Readers should perform a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward-looking statements to reflect events or changes in circumstances that occur after the date hereof.
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