Fura Announces Termination of Letter of Intent to Operate La Pita Mine
TORONTO, ONTARIO--(Marketwired - April 15, 2016) - Fura Emeralds Inc. ("Fura") (TSX VENTURE:FUR) announces that the previously announced letter of intent with Zuliana De Esmeraldas Ltda. ("Zuliana") to become the operator of the La Pita Emerald Mine in Boyacá, Colombia has been terminated.
Fura would like to thank Zuliana for the time and effort put forth in discussing and structuring a potential transaction between Fura and Zuliana and wishes Zuliana all the best for the future.
About Fura Emeralds Inc.
Fura Emeralds Inc. is a natural resource company which is engaged in the acquisition and exploration of resource properties in Colombia.
Regulatory Statements
This press release contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes, but is not limited to, statements with respect to the letter of intent with Zuliana. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of exploration activities; regulatory risks; risks inherent in foreign operations; and other risks of the emerald mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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