06:53:45 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Fura Gems Inc
Symbol FURA
Shares Issued 121,294,600
Close 2018-11-23 C$ 0.315
Market Cap C$ 38,207,799
Recent Sedar Documents

Fura Gems arranges $5.24-million placement

2018-11-26 08:30 ET - News Release

Mr. Dev Shetty reports

FURA ANNOUNCES PRIVATE PLACEMENT

Fura Gems Inc. intends to complete a private placement offering of up to 13,122,500 common shares of the company at a price of 40 cents per share, a premium of 27 per cent to the closing price of Fura's common shares on the most recent trading day on the TSX Venture Exchange, for gross proceeds of up to $5,249,000.

The net proceeds of the offering are expected be used by the company for exploration and development of the company's emerald and ruby assets in Colombia and Mozambique, respectively, and for general corporate purposes. The closing date of the offering is expected to occur on or about Dec. 7, 2018, and remains subject to a number of conditions, including without limitation, the approval of the TSX Venture Exchange. All Fura common shares issued pursuant to the offering will be subject to a regulatory hold period of four months and one day.

About Fura Gems Inc.

Fura Gems is a gemstone mining and marketing company which is engaged in the mining, exploration and acquisition of gemstone licences. Fura's headquarters is located in Toronto, Canada, and its administrative headquarters is located in the Almas Tower, Dubai.

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