Fura Gems Inc. to announced the execution of a loan agreement with a private company, pursuant to which the lender has agreed to lend and the company has agreed to borrow USD 5.5 million. The loan will bear interest at a rate of 10% per annum and has a maturity date of July 31, 2020, unless the parties mutually agree to an extension. The principal amount of the loan as well as accrued interest will be payable on the maturity date. The proceeds of the loan are expected to be used for the acquisition by the company of 100% interests in each of ruby mining concession 8955C and ruby exploration licence 7414L and a 20% free carried and non-dilutive interest in ruby mining concession 8921C, each in the Montepuez district of Mozambique, the advancement of its Coscuez emerald project in Colombia and its ruby projects in Mozambique, and general corporate purposes.