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Fura Gems to hold largest Ruby land package in Mozambique after merger

Dev Shetty, president and CEO of Fura Gems Inc  (TSXV: FURA) (OTC: FUGMF), introduces the company to Proactive Investors and outlines their recent Mozambique acquisition.

Shetty says they're acquiring nine ruby assets in Mozambique from ASX listed Mustang Resources Ltd and Regius Resources Group Ltd for A$15mln.

He adds that upon completion of the deal Fura will hold the largest ruby land package in Mozambique - 1,104 square kilometres.

Quick facts: FURA Gems

Price: 0.145 CAD

TSX-V:FURA
Market: TSX-V
Market Cap: $39.45 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