logo-loader
viewFURA Gems

Fura Gems extends hard deadline for Queensland sapphire project acquisition

The agreement with Richland Resources to acquire the Capricorn sapphire project has been extended until November 30

FURA Gems - Fura Gems extends hard deadline for Queensland sapphire project acquisition
The Capricorn sapphire mining project is in Queensland, Australia

Fura Gems Inc (CVE:FURA) (OTCMKTS:FUGMF) has extended the longstop date of its option agreement with Richland Resources Ltd to the end of November as the parties complete the remaining legal formalities, it said Friday. 

The date was extended from November 15 to November 30, 2019. 

Toronto-based Fura’s option agreement with Richland concerns the acquisition of a new sapphire mining project in Queensland, Australia. 

READ: Fura Gems again extends hard deadline for Mozambique ruby acquisition

The acquisition of the Capricorn project gives Fura 100% interest in two mining permits (EPM 25973 and EPM 25978) and three mining licenses (ML 70419, ML 70447 and ML 70451) in the Australian state.

Fura is a gemstone mining and marketing company with emerald and ruby assets in Colombia and Mozambique, respectively.

The Capricorn deal was originally announced in June 2019.

Contact Angela at [email protected]

Follow her on [email protected]

Quick facts: FURA Gems

Price: 0.09 CAD

TSX-V:FURA
Market: TSX-V
Market Cap: $24.48 m
Follow

Add related topics to MyProactive

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

NO INVESTMENT ADVICE

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 FURA Gems named herein, including the promotion by the Company of FURA Gems in any Content on the Site, the Company receives from said issuer...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

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