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MarketScreener Homepage  >  Equities  >  TSX VENTURE EXCHANGE  >  Fura Gems Inc.    FURA   CA3610591081

FURA GEMS INC.

(FURA)
  Report
End-of-day quote. End-of-day quote TSX VENTURE EXCHANGE - 10/27
0.145 CAD   0.00%
10/28FURA GEMS : Completes Amalgamation Transaction
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10/28FURA GEMS : IIROC Trading Halt - FURA
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10/24FURA GEMS : Provides Update on Going Private Transaction
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Fura Gems : Provides Update on Going Private Transaction

10/24/2020 | 06:01pm EST

TORONTO, Oct. 24, 2020 (GLOBE NEWSWIRE) -- Fura Gems Inc.(“Fura” or the “Company”) (TSXV: FURA, OTC: FUGMF and FRA: BJ43) is pleased to provide an update on its previously announced going private transaction (the “Transaction”). The parties are working diligently to complete the remaining legal formalities in relation to the Transaction, which is now expected to close on or about October 28, 2020, subject to the satisfaction or waiver of certain conditions.

The Transaction is more fully described in the management information circular (the “Circular”) which was mailed to shareholders of record as of September 1, 2020. The Circular is available under Fura’s profile on SEDAR at www.sedar.com.

Fura Gems Inc. 
Dev Shetty – President & Chief Executive OfficerTel: +971 (0) 4 240 8760
dev.shetty@furagems.com

About Fura Gems Inc.

Fura Gems Inc. is a gemstone mining and marketing company which is engaged in the mining, exploration and acquisition of gemstone licenses. Fura owns ruby, emerald and sapphire resource properties in Mozambique, Colombia and Australia, respectively. Fura’s headquarters are located in Toronto, Canada and its administrative headquarters are located in the Burjuman Business Tower, Dubai.

Forward-Looking Statements

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements relating to the ability of the parties to satisfy the conditions to closing of the Transaction and the anticipated timing of the completion of the Transaction. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


Fura2.jpg

Source: Fura Gems Inc.

2020 GlobeNewswire, Inc., source Press Releases

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Financials
Sales 2019 - - -
Net income 2019 -24,8 M -19,2 M -19,2 M
Net Debt 2019 1,80 M 1,39 M 1,39 M
P/E ratio 2019 -1,25x
Yield 2019 -
Capitalization 39,4 M 30,0 M 30,5 M
EV / Sales 2018 -
EV / Sales 2019 -
Nbr of Employees -
Free-Float -
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Managers
NameTitle
Devidas Krishna Shetty President, Chief Executive Officer & Director
Ashim Roy Vice President-Operations
Ryan Jeffery Ptolemy Chief Financial Officer
Dibya Baral Director-Technical Services
Guarav Gupta Independent Director