Baru Gold Corp Updates Shareholders on Status of Search for Strategic Partners and Investors
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Baru Gold Corp. announced that its previously reported Letter of Intent with PT Arsai Tambang will not proceed as PT Arsai Tambang has decided not to sign the definitive agreement. The company continues its search for strategic partners and investors.
March 17, 2025 | 1:45 pm
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Baru Gold Corp.'s LOI with PT Arsai Tambang will not proceed, impacting its search for strategic partners and investors.
The cancellation of the LOI with PT Arsai Tambang is a setback for Baru Gold Corp. as it affects their strategic partnership plans. This could negatively impact investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100