Fura Gems Inc (fka FURA.V)

[Sam Dan]

Finally closing of PP completed.
This will trigger completion of the "MRAA contemplates the purchase by Fura of interests in three ruby licenses/concessions in Mozambique as follows: (i) 75% of the issued shares of Montepuez Minerals Pty Ltd., which owns a 70% interest in mining licence 5030L and an 80% interest in mining concession 8921C; and (ii) a right to earn a 65% interest in mining concession 8955C under a joint venture agreement (collectively, the “New Energy Assets”). deal "



"The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 17, 2018, Nov. 29, 2019, and Aug. 15, 2019.

Number of shares:25,117,569 shares Purchase price:40 cents per share Number of placees:15 placees Finders' fees:Kamran Sattan, $139,384 cash and 62,349 warrants; Hannam & Partners, 82,843 warrants Finder's warrant initial exercise price:40 cents Finder's warrant term to expiry:expiry 24 months from closing