GREY:GALED - Post by User
Post by
HHAPPYon Aug 16, 2019 7:17am
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Post# 30035496
Further update from management
Further update from managementFinally closing of PP completed.
This will trigger completion of the "MRAA contemplates the purchase 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”). deal "
"The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 17, 2018, Nov. 29, 2019, and Aug. 15, 2019.
Number of shares:25,117,569 shares Purchase price:40 cents per share Number of placees:15 placees Finders' fees:Kamran Sattan, $139,384 cash and 62,349 warrants; Hannam & Partners, 82,843 warrants Finder's warrant initial exercise price:40 cents Finder's warrant term to expiry:expiry 24 months from closing