Baru Gold Corp. is pleased to announce the recent appointment of Mr Fatchil Amal as Mine Manager/Kepala Teknik Tambang. For more than 28 years Mr. Amal has had senior technical and management roles in coal, gold and copper mining, and mine infrastructure construction operations throughout Indonesia. He has projects including Indo Muro Kencana, Batutua Tembaga Raya, Nusa Halmahera Mineral, and Nuansa Cipta Coal Investment [...]
Baru Gold Corp. is pleased to announce it has commenced the sourcing of heap leach operational equipment, and the hiring of mining contractors. We are also happy to provide an update on the operational licence. Baru Gold’s CEO, Terry Filbert, comments, “Baru Gold continues to move ahead toward commencement of production and cash flow from gold production on the Sangihe project in the first half of 2021. We have begun [...]
Baru Gold Corp. announces that, subject to the receipt of approval by the TSX Venture Exchange, it has retained Generation IACP Inc. to provide market making services with the objective of maintaining a reasonable market and improving the liquidity of Baru Gold’s common shares, traded on the TSX-Venture exchange. Under the agreement between Generation and the Company, the Company has agreed to initially pay Generation a [...]
Baru Gold Corp. is pleased to announce the appointment of Mr. Priya Husada as Community Development and Government Relations Manager for the Sangihe project in Indonesia. For more than 18 years Mr. Husada has been involved in various areas related to stakeholder's issues working with a number of leading multinational mining companies, including BHP Billiton and ITOCHU Corporation , handling stakeholder engagement [...]
Baru Gold Corp. , | , through its subsidiary, PT. Tambang Mas Sangihe or "TMS" license), is pleased to announce that it has paid the outstanding mining tax on the Sangihe gold project of approximately $356,000 . The tax was paid to the Central representative office of the Ministry of Energy and Mineral Resources. The mining asset tax, colloquially referred to as "dead-rent tax", is a fee due annually to the government [...]
East Asia Minerals Corp. wishes to change its name to "Baru Gold Corp." to mark the next phase of the Company's business development as the Company looks forward to the upgrade of the Sangihe Gold Project license to production operation stage. Concurrent with the name change, the Company will adopt "BARU" as its new trading symbols on TSX Venture Exchange and "BARUF" on the OTC. Subject to the Indonesian Government [...]
East Asia Minerals Corp. is pleased to announce that it has closed an additional $2.3 million of the $4.4 million financing previously announced on September 10th, 2020. Due to significant investor interest in the financing, on September 17, 2020, the Company announced the increase of the financing to 29,333,333 units priced at $0.15 per unit for an aggregate of $4.4 million. Each unit will be comprised of one common [...]
Terry Filbert, CEO & Chairman, East Asia Minerals Corp. , shares his company's story in an interview with TMX Group. The C-Suite at The Open video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange and TSX Venture Exchange. Videos provide insight into how company executives think in the current business environment. To see the latest C-Suite at The Open videos visit [...]
East Asia Minerals Corp. Further to the news release dated September 2, 2020, the Company is pleased to announce that it has received the environmental permit and has applied for the upgrade of the Sangihe gold project's Contract of Work from exploration and feasibility licence to a full production and export licence. On September 25, 2020, East Asia Mineral's subsidiary, PT. Tambang Mas Sangihe or "TMS" ) has submitted [...]
East Asia Minerals Corp. would like to advise current warrant holders to check their warrants for expiry dates and accelerated exercise clauses. The Company advises warrant holders that there are 4,161,400 warrants expiring October 11, 2020, and 4,300,000 warrants expiring November 13, 2020. Also, for those investors who recently participated in the private placement that closed on April 17, 2020, please note that there [...]
East Asia Minerals Corp. is pleased to announce that it has closed its $2 million lead order from Palisades Goldcorp Ltd., the first tranche of the $4 million financing previously announced on September 10th, 2020. Due to significant market interest in the financing, the Company has increased the financing to 29,333,333 units priced at $0.15 per unit for an aggregate of $4.4 million and anticipates the second and final [...]
East Asia Minerals Corp. is pleased to announce a $4 million private placement with a $2 million lead order from Palisades Goldcorp. The private placement will consist of 26,666,666 units priced at $0.15 per unit . Each unit will be comprised of one common share in the capital of the Company and one common share purchase warrant . Each Warrant shall be exercisable into one Share at an exercise price of $0.25 for 3 years [...]
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