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Fury Completes CAD$5,596,088 Non-Brokered Private Placement
VANCOUVER, BC / ACCESSWIRE / October 13, 2021 / Fury Gold Mines Limited (TSX:FURY)(NYSE Ameri...
About this update from Fury Gold Mines Limited
[{"type":"text","content":"Fury Completes CAD$5,596,088 Non-Brokered Private PlacementVANCOUVER, BC / ACCESSWIRE / October 13, 2021 / Fury Gold Mines Limited (TSX:FURY)(NYSE American: FURY) (\"Fury\" or the \"Company\") announces that the Company has closed the second and final tranche of its non-brokered private placement announced on September 22, 2021 (the \"Placement\").The Company issued an additional 2,375,780 units at a price of CAD$0.75 per unit for gross proceeds of CAD$1,781,835. Each unit consists of one common share of Fury (a \"Common Share\") and one common share purchase warrant (each, a \"Warrant\") entitling the holder to purchase one Common Share (\"Warrant Share\") at a price of CAD$1.20 for a period of three (3) years from today. The expiry date of the Warrants can be accelerated to 30 days with notice from the Company should the Common Shares trade after the expiry of the four-month hold period at a price equal to or greater than CAD$1.50 for 20 consecutive trading days. All Common Shares issued and Warrant Shares are subject to a hold period in Canada expiring four months from today in accordance with Canadian securities laws. In aggregate, the Company has issued a total of 7,461,450 Units, inclusive of the 5,085,670 Units issued on October 6, 2021 and 2,375,780 Units issued today and has raised gross proceeds of CAD$5,596,088. Total expenses, including finders' fees, were under 1.5% of the gross proceeds raised.Net proceeds from the Placement will be used to fund continued exploration at the Company's Eau Claire project in Quebec and for working capital.None of the Common Shares, the Warrants or the Warrant Shares have been or will be registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\"), and will not be offered or sold in the United States other than pursuant to available exemptions from the registration requirements of the U.S. Securities Act. Any securities sold to investors in the United States will be \"restricted securities\" and subject to restrictions on resale under the U.S. Securities Act. This news appears as a matter of record only, these securities have been sold.About Fury Gold Mines LimitedFury Gold Mines Limited is a Canadian-focused gold exploration company positioned in three prolific mining regions across the country. Led by a management team and board of directors wit...