Fura Emeralds Inc. GALED

Now you see it-now you don't! When will they EVER complete

[HHAPPY]

the deal?

" (“Fura” or the “Company”) (TSXV: FURA, OTC: FUGMF and FRA: BJ43) announces the extension of the drop dead date for the closing of the Merger of Ruby Assets Agreement dated July 14, 2018, as amended (the “MRAA”). In accordance with the MRAA, on October 29, 2019, the Company gave New Energy Minerals Ltd. (formerly known as Mustang Resources Ltd.) written notice to extend the drop-dead date of the MRAA from October 31, 2019 to November 30, 2019.

The MRAA contemplates the purchase and sale by Fura of interests in three ruby licenses/concessions in Mozambique as follows: (i) 75% of the issued shares of Montepuez Minerals Pty Ltd., which owns a 70% interest in mining licence 5030L and an 80% interest in mining concession 8921C; and (ii) a right to earn a 65% interest in mining concession 8955C under a joint venture agreement (collectively, the “New Energy Assets”). Please see the Company’s press release dated November 29, 2018 for further details regarding the terms of this proposed acquisition. The transaction remains subject to the approval of the TSX Venture Exchange.

[mooseslayer]

I thought last NR was it done but that was just one of teh licenses they now own 100%. Never seen something drag on so long. 

[foundryman]

It's irrelevant if/when they close the deal. Even if they do close the deal and start generating revenue, it'll all be diverted to management's pockets and you'll be left waiting for the next "catalyst" faster than you can say "Bharti." FURA deserves the fate all of its brethren eventually aspire to, single-digit penny stock. No more, no less.