Fura Gems again extends hard deadline for Mozambique ruby acquisition
Fura Gems Inc (CVE:FURA) (OTC:FUGMF) announced Monday that it has pushed back the purchase of ruby assets in Mozambique for the sixth time.
The company provided written notice to New Energy Minerals Ltd, formerly known as Mustang Resources Ltd, that it would extend the ‘drop dead’ date – the very final date – to complete the transaction from July 31 to August 31.
READ: Fura Gems amends option deal to buy Capricorn sapphire mining project in Queensland
The deal with New Energy represents the purchase of interests in three ruby licenses in Mozambique. The transaction remains subject to the approval of the TSX Venture Exchange.
Fura is involved in the exploration and mining of rubies in Mozambique through its 80% interest in four ruby licences. It is also engaged in the exploration of resources in Colombia where it owns a 76% interest in the Coscuez Emerald Mine in Boyacá.
Contact Andrew Kessel at [email protected]
Follow him on Twitter @andrew_kessel
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/224648/fura-gems-again-extends-hard-deadline-for-mozambique-ruby-acquisition-224648.html
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