(TheNewswire)
? Baru Gold Corp. Filing Financial Statements f or t he Period Ended August 31, 2013 After DueDate
December 28, 2023 – TheNewswire –Vancouver, BC - Baru GoldCorp. (the “Company”) (TSXV:BARU) announces today that it will not be able to file its audited annual financial statement forthe period ended August 31, 2023 and its MD&A by the filingdeadline of December 29, 2023 (collectively, the “ Annual Filings ”),and as a result will be in default of its obligations under NationalInstrument 51-102 ContinuousDisclosure Obligations .
In connection with the Company's inability to file theAnnual Filings on time, the Company has applied for a Management CeaseTrade Order (“ MCTO ”) under National Policy 12-203 –Management Cease Trade Orders (“ NP 12-203 ”) and iswaiting for the British Columbia Securities Commission approval. Thereis no guarantee that an MCTO will be granted. The Company is applyingfor a MCTO due to is extenuating circumstances as the Company requiredadditional time to raise the necessary capital to fund its annualaudit within the time frame to file on or before December 29, 2023.This has impacted the Company’s ability to complete its auditedannual financial statements and has consequently caused a delay incompletion of the Annual Filings.
The Company expects to file the Annual Filings as soonas they are available, but in any event on or before February 10, 2024(two-month period contemplated by NP 12-203).
Until the Company files the Annual Filings, it willcomply with the alternative information guidelines set out in NP12-203. The guidelines, among other things, require the Company toissue bi-weekly default status reports, in the form of news releases,for so long as the Annual Filings have not been filed.
During the MCTO, the general investing public willcontinue to be able to trade in the Company’s common shares listedon the Canadian Securities Exchange . However, the Company’s ChiefExecutive Officer and Chief Financial Officer and such otherdirectors, officers and persons as determined by the applicableregulatory authorities will not be able to trade in the Company’sshares, nor will the Company be able to, directly or indirectly, issuesecurities to or acquire securities from an insider or employee of theCompany until such time as the Annual Filings and all continuousdisclosure requirements have been filed by the Company, and the MCTOhas been lifted.
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 assumptionsand expectations and by their nature are subject to certain underlyingassumptions, known and unknown risks and uncertainties and otherfactors which may cause actual results, performance or events to bematerially different from those expressed or implied by such forwardlooking statements. Those risks include the interpretation of drillresults; the geology, grade and continuity of mineral deposits; thepossibility that future exploration, development or mining resultswill not be consistent with our expectations; commodity and currencyprice fluctuation; failure to obtain adequate financing; regulatory,recovery rates, refinery costs, and other relevant conversion factors,permitting and licensing risks; general market and mining explorationrisks and production and economic risks related to design andengineering, manufacturing, technological processes and testprocedures and the risk that the project’s output will not besalable at a price that will cover the project’s operating andmaintenance costs. Forward-looking statements should not be construedas investment advice. Readers should perform a detailed, independentinvestigation and analysis of the Company and are encouraged to seekindependent professional advice before making any investment decision.Accordingly, readers should not place undue reliance on anyforward-looking statement. Except as required by applicable securitieslaws, the Company disclaims any obligation to update or revise anyforward looking statements to reflect events or changes incircumstances that occur after the date hereof.
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