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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: 0.16 CAD

TSX-V:FURA
Market: TSX-V
Market Cap: $38.92 m
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Fura Gems help develop Provenance proof blockchain for coloured gemstones

Fura Gems (CVE:FURA) Vice President of Marketing and Sales Rupak Sen joined Steve Darling from Proactive Investors on Skype from Dubai to share news, Fura has helped to set up a new system for how precious stones like emeralds and rubies are tracked. Sen tell Proactive the new system will...

on 14/2/19

2 min read