FURA CLOSES FULLY SUBSCRIBED PRIVATE PLACEMENT
NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. NEWS WIRE SERVICES
For Immediate Release: July 18, 2017
Toronto, Ontario – Fura Gems Inc. (TSXV: FUR) has closed, on a fully subscribed basis, a non-brokered private placement financing for gross proceeds of $4,000,000 (the “Offering”). Pursuant to the Offering, Fura issued 10,000,000 common shares at a price of $0.40 per share. Fura intends to use the proceeds of the Offering for general corporate purposes. The shares issued in connection with the Offering are subject to a statutory four-month hold period and the closing of the Offering is subject to receipt of final approval of the TSX Venture Exchange. In connection with the Offering, Fura paid finder’s fees of $7,500.
About Fura Gems Inc.
Fura Gems Inc. is a natural resource company which is engaged in the acquisition and exploration of resource properties in Colombia.
For more information about Fura Gems Inc., please contact:
Dev Shetty President & Chief Executive Officer