Baru Gold (TSE:BARU) has released an update.
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Baru Gold Corp has announced a strategic partnership with PT Arsari Tambang, where PT Arsari Tambang will acquire a 10% equity stake in Baru’s subsidiary, PT Tambang Mas Sangihe. This partnership is non-dilutive to Baru’s shareholders and includes an option for PT Arsari Tambang to increase its stake by an additional 15% over five years.
For further insights into TSE:BARU stock, check out TipRanks’ Stock Analysis page.
