(TheNewswire)
January 17, 2024 – TheNewswire –Vancouver BC -- Baru GoldCorp. (TSXV:BARU)(OTC:BARUF) (the“Company”) provides an update with respectto the previously announced Management Cease Trade Order (the"MCTO") issued by the British Columbia Securities Commissionon January 2, 2024. The Company is providing notice in accordancewith National Policy 12-203 – Management Cease Trade Orders (“NP12-203”). The MCTO was issued by the BCSC on January 2, 2023. Itprevents the Company’s Officers, Board and Insiders from trading inthe Company’s securities but does not affect the ability of othershareholders, including the public, to trade in the securities of theCompany.
The Company confirms that as of today it continues topursue options to generate cash flow and/or obtain additionalfinancing required for the filing of the audited annual financialstatements for the year ended August 31, 2023, along with themanagement's discussion and analysis and related CEO and CFOcertificates (the “ 2023Filings ”) for the period which were requiredto be filed on or before December 29, 2023.
As previously stated, subject to current conditionsremaining the same, the Company remains confident in its ability tocomplete the 2023 Filings within the next month and will use its bestefforts to complete the process within the timeline indicated.
The MCTO remains in effect until the Company files the2023 Filings and the BCSC’s Executive Director has revoked the MCTO.The Company confirms that since the date of the Default Announcement,other than as described above: (a) there has been no material changeto the information set out in the Default Announcement that has notbeen generally disclosed; (b) there has been no failure by the Companyin fulfilling its stated intentions with respect to satisfying theprovisions of the alternative information guidelines set out in NP12-203; (c) there has not been, nor is there anticipated to be, anyspecified default subsequent to the default which is the subject ofthe Default Announcement; and (d) there is no other materialinformation concerning the affairs of the Company that has not beengenerally disclosed.
The Company confirms that it will continue to satisfythe provisions of the alternative information guidelines under NP12-203 by issuing bi-weekly default status reports in the form of newsreleases for so long as it remains delayed .
On behalf of the Board of Directors
BARU GOLD CORP.
“Terry Filbert”
Terry Filbert
Director and Chief Executive Officer
President & CEO
info@barugold.com
For investor contacts more information, pleasecontact:
Kevin Shum
Investor Relations
kevin@jeminicapital.com
647-725-3888 ext. 702
Neither TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
Certain statements in this News Release, which are nothistorical in nature, constitute “forward looking statements”within the meaning of that phrase under applicable Canadian securitieslaw. These statements include, but are not limited to, statements orinformation concerning future work programs, results and timing of anywork programs, the Company’s performance or events as of the datehereof. These statements reflect management’s current assumptions and expectations and by their nature are subjectto certain underlying assumptions, known and unknown risks anduncertainties and other factors which may cause actual results,performance or events to be materially different from those expressedor implied by such forward looking statements. Those risks include theinterpretation of drill results; the geology, grade and continuity ofmineral deposits; the possibility that future exploration, developmentor mining results will not be consistent with our expectations;commodity and currency price fluctuation; failure to obtain adequatefinancing; regulatory, recovery rates, refinery costs, and otherrelevant conversion factors, permitting and licensing risks; generalmarket and mining exploration risks and production and economic risksrelated to design and engineering, manufacturing, technologicalprocesses and test procedures and the risk that the project’s outputwill not be salable at a price that will cover the project’soperating and maintenance costs. Forward-looking statements should notbe construed as investment advice. Readers should perform a detailed,independent investigation and analysis of the Company and areencouraged to seek independent professional advice before making anyinvestment decision. Accordingly, readers should not place unduereliance on any forward-looking statement. Except as required byapplicable securities laws, the Company disclaims any obligation toupdate or revise any forward looking statements to reflect events orchanges in circumstances that occur after the date hereof.
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