logo-loader
viewFURA Gems

Fura Gems Inc raises $5.2mln in private placement to fund development of assets in Colombia and Mozambique

The gemstone miner said it had issued around 13.1mln shares at a price of $0.40 per share, a 25% premium to its last close price

Funding
The proceeds will fund exploration and development of the firm's emerald and ruby assets

Fura Gems Inc (CVE:FURA) has raised around $5.2mln in a private placement that will be used to fund exploration and development of its assets.

The gemstone miner said it had issued around 13.1mln shares at a price of $0.40 per share, a 25% premium to its last close price.

READ: Fura Gems to fetch Mustang ruby assets for less under loan agreement

Fura said it would use the proceeds of the placing to fund the exploration and development of its emerald and ruby assets in Colombia and Mozambique, as well as for general corporate purposes.

The firm added that it had also appointed Guarav Gupta to its board of directors with immediate effect.

Quick facts: FURA Gems

Price: 0.16 CAD

TSX-V:FURA
Market: TSX-V
Market Cap: $38.92 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

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