On October 13, 2023, Baru Gold Corporation closed the transaction. The company issued 3,875,000 units for gross proceeds of CAD 155,000. The Company will pay a finder?s fee of CAD 720 in cash commission and 18,000 finder?s warrants.

All securities issued in the Private Placement will be subject to a four-month hold period expiring February 12, 2024. The transaction included participation from six investors. The company announced that the transaction has been approved by the TSX Venture Exchange.