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Fura buys Mustang Mozambique holdings

Fura Gems (TSX-V:FURA) has expanded its Mozambique ruby holdings in a share-dominated deal with ASX-listed Mustang Resources and its major shareholder Regius Resources Group.

Fura buys Mustang Mozambique holdings Fura buys Mustang Mozambique holdings Fura buys Mustang Mozambique holdings Fura buys Mustang Mozambique holdings Fura buys Mustang Mozambique holdings

Afford Mustang: Fura has grown from a Colombia-focused emerald company to a full gem developer in 18 months

Fura is already developing a Montepuez project but said this deal, worth A$15 million (US$11 million) in cash and shares, would give it access to "some of the highest quality ruby licences avail...