Fura Gems Inc. (CVE:FURA) (OTCMKTS:FUGMF), the gemstone mining and marketing company, has once again extended the deadline for the purchase of a trio of ruby assets in Mozambique.
The Toronto-based company has again given written notice to New Energy Minerals Ltd (previously known as Mustang Resources), which owns the ruby licenses, that will push back the so-called ‘drop dead' date of the Merger of Ruby Assets Agreement from November 30 to December 31 of this year.
Separately, Fura has also again extended the longstop date of its option agreement with Richland Resources Ltd to December 7 from November 30 to complete legal formalities.
This option agreement gives Fura 100% interest in a pair of permits (EPM 25973 and EPM 25978) and three licenses (ML 70419, ML 70447 and ML 70451) for a sapphire mining project in Queensland, Australia.
Fura boasts emerald and ruby assets in Colombia and Mozambique.