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Fura intends to complete a private placement offering

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Sam Dan Member Level  Monday, 11/26/18 11:49:35 AM
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Fura intends to complete a private placement offering of up to 13,122,500 million common shares of the Company at a price of CAD$0.40 per share, a premium of 27% 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 CAD$5,249,000 million (the “Offering”).
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 December 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.


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