Fura Gems Inc. (CVE:FURA) (OTCMKTS:FUGMF), the gemstone mining and marketing company, has once again extended the deadline for the purchase of a trio of ruby assets in Mozambique.
The Toronto-based company has again given written notice to New Energy Minerals Ltd (previously known as Mustang Resources), which owns the ruby licenses, that will push back the so-called ‘drop dead' date of the Merger of Ruby Assets Agreement from November 30 to December 31 of this year.
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Separately, Fura has also again extended the longstop date of its option agreement with Richland Resources Ltd to December 7 from November 30 to complete legal formalities.
This option agreement gives Fura 100% interest in a pair of permits (EPM 25973 and EPM 25978) and three licenses (ML 70419, ML 70447 and ML 70451) for a sapphire mining project in Queensland, Australia.
Fura boasts emerald and ruby assets in Colombia and Mozambique.