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Fura Gems Inc. (FURA.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.1150+0.0200 (+21.05%)
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Neutralpattern detected
Previous Close0.0950
Open0.1150
Bid0.1000 x N/A
Ask0.1150 x N/A
Day's Range0.1150 - 0.1150
52 Week Range0.0500 - 0.2300
Volume9,100
Avg. Volume15,416
Market Cap31.284M
Beta (5Y Monthly)1.00
PE Ratio (TTM)N/A
EPS (TTM)-0.1250
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateMar 28, 2007
1y Target EstN/A
  • GlobeNewswire

    Fura to Acquire Australian Mining Company

    TORONTO, Aug. 07, 2020 (GLOBE NEWSWIRE) -- Fura Gems Inc. (“Fura” or the “Company”) (TSXV: Fura, OTC: FUGMF and FRA: BJ43) is pleased to announce that it has entered into a share sale agreement (the “Share Sale Agreement”) through its wholly-owned Australian subsidiary, Capricorn Sapphire Pty Ltd (the “Capricorn”), with Mosley Mining Pty Ltd (the “Vendor”), pursuant to which the Company will acquire all of the issued and outstanding shares of Great Northern Mining Pty Ltd (the “Target”), a mining company located in Australia (the “Acquisition”). The assets of the Target consist of 73 mining leases (the “Tenements”), each located in Australia, as well as certain buildings, plants, fixtures, tools, and other equipment related to the Tenements. As consideration for the Acquisition, Fura agreed to pay A$2,987,933 (approximately C$2,860,632) to the Vendor, subject to certain adjustments, and less (i) an amount payable to a bank to release a security interest on certain of the Target’s assets, and (ii) an amount equal to any royalties that become payable by the Target in respect of mining activities conducted on the Tenements prior to completion. In accordance with the Share Sale Agreement, on or about the date that the agreement was signed, Fura paid a portion of the consideration (A$293,093 (approximately C$280,465)) as a deposit to be released to the Vendor upon completion of the Acquisition.The Acquisition is an arm’s length transaction for the purposes of the policies of the TSX Venture Exchange (“TSXV”) and the Company understands that the Acquisition qualifies as an “Exempt Transaction” under TSXV Policy 5.3. Fura is not paying any finder’s fees in connection with the Acquisition. The closing of the Acquisition is subject to the satisfaction of customary conditions precedent; however, the Foreign Investment Review Board of the Australian Government has already indicated that it has no objection to the Acquisition. Closing of the Acquisition is expected to occur in early to mid-August 2020.For more information about Fura Gems Inc., please contact:Fura Gems Inc.  Dev Shetty – President & Chief Executive OfficerTel: +971 (0) 4 240 8760 dev.shetty@furagems.com Rupak Sen Vice President – Marketing and SalesTel: +1+(778)386-1313  rupak.sen@furagems.com Public Relations Tavistock (UK) Jos Simson / Barney HaywardTel: +44-207-920-3150 fura@tavistock.co.uk About Fura Gems Inc.Fura Gems Inc. is a gemstone mining and marketing company which is engaged in the mining, exploration and acquisition of gemstone licences. Fura owns ruby, emerald and sapphire resource properties in Mozambique, Colombia and Australia, respectively.  Fura’s headquarters are located in Toronto, Canada and its administrative headquarters are located in the Gold Tower, Dubai. Fura is listed on the TSX Venture Exchange under the ticker symbol “Fura”.Regulatory Statements This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, assumptions and expectations with respect to Capricorn’s ability to complete the Acquisition and the expected timing to completion, the Company’s exploration activities and mining activities and the Company’s performance. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of exploration, development and production activities; access to sufficient financing to continue the development of its assets; regulatory risks; risks inherent in foreign operations, uncertainties with respect to the Company’s assets; legacy environmental risks, title risks and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

  • GlobeNewswire

    Fura Draws Down US$4.1 Million From Long Term Loan Facility

    TORONTO, July 29, 2020 (GLOBE NEWSWIRE) -- Fura Gems Inc. (“Fura” or the “Company”) (TSXV: FURA, OTC: FUGMF and FRA: BJ43) announces today that it has drawn down an additional US$4.1 million from its loan facility previously announced on March 10, 2020 (the “Third Advance”). 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 (the “Note”) issued to the lender in the maximum aggregate principal amount of US$28.6 million. The funds advanced under the Note are initially unsecured, will bear interest at a rate of ten percent per annum and have a maturity date of August 31, 2021. The principal amount of the loan as well as accrued interest will be payable on the maturity date. Please see the Company’s press releases dated March 10, 2020 and April 23, 2020 for more information about the Note and the terms thereof and the Company’s second drawdown, respectively, which are available under the Company’s SEDAR profile at www.sedar.com. The proceeds of the Third Advance are expected to be used by Fura for the advancement of its Coscuez emerald project in Colombia, its ruby projects in Mozambique and its sapphire projects in Australia and general corporate purposes.For more information about Fura Gems Inc., please contact:Fura Gems Inc.  Dev Shetty – President & Chief Executive OfficerTel: +971 (0) 4 240 8760 dev.shetty@furagems.com Rupak Sen Vice President – Marketing and SalesTel: +1+(778)386-1313  rupak.sen@furagems.com Public Relations Tavistock (UK) Jos Simson / Barney HaywardTel: +44-207-920-3150 fura@tavistock.co.uk About Fura Gems Inc.Fura Gems Inc. is a gemstone mining and marketing company which is engaged in the mining, exploration and acquisition of gemstone licences. Fura’s headquarters are located in Toronto, Canada and its administrative headquarters are located in the Gold Tower, Dubai. Fura is listed on the TSX Venture Exchange under the ticker symbol “FURA”.Fura is engaged in the exploration of resource properties in Colombia and owns a 76% interest in the Coscuez emerald mine in Boyacá, Colombia. Fura is involved in the exploration and mining of sapphires in Australia through its 100% interests in two mining permits (EPM 25973 and EPM 25978) and three mining licences (ML 70419, ML 70447 and ML 70451), and rubies in Mozambique through its 80% effective interest in each of four ruby licences (4392L, 3868L, 3869L and 6811L) and one ruby concession (8921C) and its 100% interests in ruby licences 5572L and 7414L and ruby concession 8955C.  Regulatory Statements This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the use of proceeds of the Third Advance, the Company’s exploration activities and mining activities and the Company’s performance. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of exploration, development and production activities; access to sufficient financing to continue the development of its assets; regulatory risks; risks inherent in foreign operations, uncertainties with respect to the Company’s assets; legacy environmental risks, title risks and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

  • GlobeNewswire

    Fura Completes Ruby Transaction in Mozambique

    TORONTO, June 23, 2020 -- Fura Gems Inc. (“Fura” or the “Company”) (TSXV: FURA, OTC: FUGMF and FRA: BJ43) is pleased to announce that it has successfully completed the.