viewFURA Gems

Fura Gems again extends Mozambique ruby asset merger

The company said it provided notice to New Energy Minerals that it would push back the so-called ‘drop dead’ date

FURA Gems -
The company has ruby assets in Mozambique

Fura Gems Inc (CVE:FURA)(OTCMKTS:FUGMF), the gemstone mining and marketing group, announced Monday that it has again extended the deadline for its purchase of three ruby assets in Mozambique.

The company said it provided notice to New Energy Minerals Ltd (formerly Mustang Resources), which owns the ruby licenses, that it would push back the so-called ‘drop dead’ date of the Merger of Ruby Assets Agreement from September 30 to October 31 this year.

Fura owns a 76% stake in the Coscuez emerald mine in Boyaca, Colombia.

The company is also involved in the exploration and mining of rubies in Mozambique through its 80% effective interest in four ruby licences (4392, 3868, 3869 and 6811).

Contact the author at giles@proactiveinvestors.com

Quick facts: FURA Gems


Price: 0.145 CAD

Market Cap: $39.45 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...


Full interview: Fura Gems does the rare trifecta with projects for Ruby...

Fura Gems (CVE: FURA) President and CEO Dev Shetty joined Steve Darling from Proactive in Vancouver on Skype from Dubai with news the company has closed on two key transactions that give them operation in Australia and Mozambique along with their other project in Colombia.  Shetty telling...

on 02/19/2020

2 min read