Fury Announces C$5 Million Financing
VANCOUVER, British Columbia, May 23, 2024 (GLOBE NEWSWIRE) -- FURY GOLD MINES LIMITED (TSX: FURY, NYSE American: FURY) (“Fury” or the “Company”) is pleased to announce that it has entered into an agreement with Haywood Securities Inc., on behalf of itself and a syndicate of agents to be formed (collectively, the “Agents”) pursuant to which the Agents have agreed to sell, on a commercially reasonable efforts agency basis, up to 5,320,000 common shares of the Company that will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec) (the “FT Shares”) at a price of C$0.94 per FT Share (the “Issue Price”) to be sold on a charitable flow-through basis, for total gross proceeds to the Company of C$5,000,800 (the “Offering”).
- There is an offering document related to the Offering that can be accessed under the Company’s profile on SEDAR+ at www.sedarplus.ca and on the Company’s website at www.furygoldmines.com .
- Prospective investors should read this offering document before making an investment decision.
- All Qualifying Expenditures will be renounced in favour of the subscribers of the FT Shares effective on or before December 31, 2024.
- The Company has agreed to pay the Agents a cash commission of up to 6% of the gross proceeds raised under the Offering.