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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.
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 available
Funds will be used for Colombian and Mozambican exploration and development
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