March 5, 2019 / 2:28 AM / 8 months ago

BUZZ-Australia's vanadium explorer New Energy rises; co extends date for ruby assets merger

** Shares of vanadium and graphite explorer New Energy Minerals Ltd rise as much as 3.7 pct to A$0.028

** Co says “Drop Dead Date” (final deadline) for merger of its ruby assets with Fura Gems Inc extended to March 31, from Feb. 28

** Fura has extended deadline to allow for ministerial approval in Mozambique

** Stock posts its biggest intraday percentage gain in nearly 2 weeks

** In July, New Energy (previously Mustang Resources) said it would merge all ruby assets with Fura

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