viewFURA Gems

Fura Gems Inc outlines plans to raise US$10mln

The private placement is being overseen by Panmure Gordon and Hannam & Partners

ruby miners
The company is developing emerald and ruby assets

Fura Gems Inc (CVE:FURA) said it wants to raise up to C$10mln via a placement of stock in the company at 40 cents a share.

The cash will be used to complete the merger of ruby assets formerly owned by Mustang Resources and Regius Resources as well as funding the purchase of a prospecting licence in Mozambique.

Fura owns emerald and ruby assets in Colombia and Mozambique respectively.

The private placement is being overseen by Panmure Gordon here in the UK and Hannam & Partners in Canada.

Quick facts: FURA Gems

Price: 0.14 CAD

Market: TSX-V
Market Cap: $38.08 m

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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...

on 19/2/20

2 min read