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The deadline set by its sellers has come and gone, but the money to buy three dinosaurs for Singapore's upcoming natural history museum is still not in the bag.
Since it embarked on an intense race to raise $12 million for the fossils from Wyoming in the United States a month ago, the Raffles Museum of Biodiversity Research has managed to collect only $1.89 million through several donors and public donations through its online portal.
It has since negotiated an extension of the deadline - originally July 31 - with its American sellers and now has one to two months to raise the rest of the money.
The immediate task is to collect $8 million first to secure the three dinosaurs. The remaining $4 million, to be used for transport and to mount the exhibits, can be raised later.
The fund-raising team is still reaching out to potential donors. Some have asked about the possibility of naming rights. Prof Ng said the museum will explore the option with them if the donation is substantial.
What happens if it fails to raise the money needed?
'If we fail, the country would have lost a great opportunity to bring in something of great educational value,' said Professor Peter Ng, director of the Raffles Museum.
Since it embarked on an intense race to raise $12 million for the fossils from Wyoming in the United States a month ago, the Raffles Museum of Biodiversity Research has managed to collect only $1.89 million through several donors and public donations through its online portal.
It has since negotiated an extension of the deadline - originally July 31 - with its American sellers and now has one to two months to raise the rest of the money.
The immediate task is to collect $8 million first to secure the three dinosaurs. The remaining $4 million, to be used for transport and to mount the exhibits, can be raised later.
The fund-raising team is still reaching out to potential donors. Some have asked about the possibility of naming rights. Prof Ng said the museum will explore the option with them if the donation is substantial.
What happens if it fails to raise the money needed?
'If we fail, the country would have lost a great opportunity to bring in something of great educational value,' said Professor Peter Ng, director of the Raffles Museum.