URA Holdings Plc (LSE:URAH) agreed to acquire 100% stake in G.E.M Venus Holdings (Pty) Ltd. from Magnum Mining and Exploration Limited (ASX:MGU) for £0.223 million on March 24, 2022. Conditional additional consideration of approximately £0.123 million in cash for each 5,000,000 carats of emeralds produced by Gravelotte up to maximum aggregate amount of approximately £1.23million as a production royalty. £.01 million of ordinary shares of URA to be issued at the mid-market closing price on the date the SPA is signed.

URA Holdings Plc (LSE:URAH) completed the acquisition of 100% stake in G.E.M Venus Holdings (Pty) Ltd. from Magnum Mining and Exploration Limited (ASX:MGU) £0.2 million on February 27, 2023. 4,000,000 Consideration Shares, credited as fully paid, equal to the consideration due upon completion of £0.1 million and calculated using an average mid-market closing price of 2.5p. over the measuring period.