Fura Gems is pleased to announce that it has entered into a share sale agreement through its wholly-owned Australian subsidiary, Capricorn Sapphire Pty Ltd, with Mosley Mining Pty Ltd, pursuant to which the Company will acquire all of the issued and outstanding shares of Great Northern Mining Pty Ltd. The assets of the Target consist of 73 mining [...]
Fura Gems announces today that it has drawn down an additional US$4.1 million from its loan facility previously announced on March 10, 2020. As of the date of this release, no further amounts remain available for drawdown by the Company under the terms of the grid promissory note issued to the lender in the maximum aggregate principal amount of [...]
Fura Gems is pleased to announce that it has successfully completed the Company’s previously announced acquisition of interests in two ruby licences/concessions in Mozambique as follows: a 70% interest in ruby mining licence 5030L through the acquisition of 70% of the issued and outstanding shares of Rubies Resources SA, and an 80% interest in ruby [...]
Fura Gems respectively, is pleased to provide an update on its 76%-owned Coscuez emerald mine in Colombia. Key Highlights: Due to the travel restrictions and current market conditions resulting from COVID-19, the inaugural Colombian emerald auction that was scheduled in Antwerp, Belgium in the month of May 2020 was cancelled. We continue to monitor [...]
Fura Gems has closed its second and final tranche of a previously announced non-brokered private placement financing of common shares for gross proceeds of C$7,188,898. For more information on the Offering and the first tranche, please see Fura’s press releases dated May 15, 2019, June 27, 2019, August 15, 2019 and October 10, 2019, and the [...]
Fura Gems Inc. reports that it will be relying on the extension granted by various securities commissions as a result of the COVID-19 pandemic in respect of the following filing requirements: the requirement to file audited financial statements for the year-ended December 31, 2019 within 120 days of the Company's financial year-end as required by [...]
Fura Gems Inc. , a gemstone mining and marketing company with emerald, ruby and sapphire assets in Colombia, Mozambique and Australia, respectively, is pleased to announce that it has received formal approval from the Ministry of Mineral Resources and Energy of Mozambique and has completed the previously announced acquisition of SLR Mining [...]
Fura Gems Inc. announces today that it has drawn down an additional US$3.5 million from its loan facility previously announced on March 10, 2020 . An additional US$4.1 million remains available for drawdown by the Company at a later date, subject to the terms of the grid promissory note issued to the lender in the maximum aggregate principal amount [...]
Fura Gems Inc. announces the extension of the drop dead date for the closing of the Merger of Ruby Assets Agreement dated July 14, 2018, as revised and restated on February 5, 2020. In accordance with the MRAA, on March 26, 2020, the Company gave New Energy Minerals Ltd. written notice to extend the drop-dead date of the MRAA from March 31, 2020 to [...]
Fura Gems Inc. respectively, is pleased to announce the issuance of a grid promissory note to a private company, pursuant to which the Lender has agreed to immediately lend and the Company has agreed to borrow US$21,000,000. An additional US$7,600,000 remains available for drawdown by the Company at a later date, subject to the terms of the Note [...]
Fura Gems respectively, is pleased to announce that it has entered into a Revised and Restated Merger of Ruby Assets Agreement with New Energy Minerals Ltd., Montepuez Minerals Pty Ltd, Montepuez Minerals Ltd, and New Energy Minerals LDA. Pursuant to the Revised MRAA, the new terms for completion of the transaction are as follows: Consideration for [...]
Fura Gems respectively, is pleased to announce that it has entered into a share purchase agreement and non-competition agreement with Gemrock Company, pursuant to which the Company will acquire interests in three ruby mining licences/concessions in the Cabo Delgado province of Mozambique and certain rights to explore in various countries without [...]
