Published: August 26, 2020 |

[Click image to enlarge]

Fura Gems Inc, the gemstone mining and marketing company, is to acquire Australia-based Great Northern Mining, which boasts 73 leases, in a deal worth approximately C$2.86 million, or A$2.9 million.

Toronto-based Fura will pay around C$2,860,632 to vendor Mosley Mining, less an amount payable to a bank to release a security interest on certain of the assets, and an amount equal to any royalties that become payable by the Great Northern before completion of the transaction.

Fura has already paid C$280,465 as a deposit to be released upon completion, which is expected to be in early to mid-August this year.

Closing is subject to customary conditions; however, the Foreign Investment Review Board of the Australian Government has already indicated that it has no objection.

Source:  Proactive Investors

About Fura Gems
Fura Gems Inc. is a gemstone mining and marketing Company which is engaged in the mining, exploration and acquisition of gemstone licenses. Fura’s headquarters are located in Toronto, Canada and its administrative headquarters are located in the Almas Tower, Dubai.

Fura is engaged in the exploration of resource properties in Colombia and owns a 76 percent interest in the Coscuez emerald mine in Boyacá.

Fura is also involved in the exploration and mining of rubies in Mozambique, owning the largest ruby land package in the country. Fura owns 14 ruby licenses, following the acquisition of 10 new licenses in July 2018, in addition to the existing four ruby licenses (4392, 3868, 3869 and 6811) that it acquired in November 2017.

To stop by Fura’s website, CLICK HERE

Be in-the-know when you’re on-the-go!