Fura announces $3M financing and name change

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By CPE News

Toronto (pcJ News Briefs) – Fura Emeralds Inc. (TSX-V: FUR) intends to complete a non-brokered private placement financing of up to 14,500,000 units at $0.21 per unit for gross proceeds of up to $3,045,000.

Each unit will be comprised of one common share and one half of one common share purchase warrant. Each whole warrant will entitle the holder thereof to acquire one common share at an exercise price of $0.27 per common share for a period of 24 months following the closing date of the offering.

Proceeds will be used for general corporate purposes.

Effective April 11, 2017, Fura Emerald’s name will change to “Fura Gems Inc.” Its shares will continue to trade on the TSX Venture Exchange under its ticker symbol “FUR”.

Fura is a natural resource company which is engaged in the acquisition and exploration of resource properties in Colombia.

photo credit: Fura