Fura Gems Inc (fka FURA.V)

[Sam Dan]

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THIS ANNOUNCEMENT BY MUSTANG RESOURCES CLEARS THE AIR
RE THE ACQUISITION BY FURA OF A MAJOR RUBY PROJECT.
The original PR had stated the cost to FURA was 10 million dollars by November. It is in Fura shares !! While dilutive to shares certainly more realistic than cash!!

In July 2018, the Company announced the merger of its ruby assets with Fura Gems Inc. (CVE:FURA), for the consideration of AU$10 million in Fura shares over three tranches and an AU$25 million spending commitment to be allocated to the enlarged Fura ruby project, subject to exploration results. This transaction (subject to final closing by 30 November 2018) relieves the Company of the substantial exploration and market development expenditure required in coming years, to establish the Company's ruby interests as a commercial ruby mining operation.