Fury Gold Mines (FURY) Newsfilter·2024-05-23 12:02Core Viewpoint - Fury Gold Mines Limited has announced an agreement to sell up to 5,320,000 flow-through shares at a price of C5,000,800 to fund Canadian exploration expenses [1][4]. Group 1: Offering Details - The offering will be conducted by Haywood Securities Inc. and a syndicate of agents on a commercially reasonable efforts agency basis [1]. - An over-allotment option allows agents to purchase an additional 798,000 FT Shares, representing 15% of the total offering, at the same issue price [2]. - The offering is scheduled to close on or about June 13, 2024, subject to customary closing conditions and necessary approvals [5]. Group 2: Use of Proceeds - Gross proceeds will be used for "Canadian exploration expenses" qualifying as "flow-through mining expenditures" as defined in the Income Tax Act (Canada) [4]. - The exploration expenditures will focus on the Company's Eau Claire and Éléonore South projects [4]. Group 3: Regulatory and Compliance Information - The FT Shares will be offered under the listed issuer financing exemption (LIFE Exemption) and will not be subject to resale restrictions under Canadian securities laws [3]. - The securities offered have not been registered under the U.S. Securities Act and cannot be sold in the United States without registration or applicable exemption [6]. Group 4: Company Overview - Fury Gold Mines Limited is a Canadian-focused exploration company with a significant position in Dolly Varden Silver Corp, holding approximately 19% of issued shares [7]. - The company aims to grow its gold platform through rigorous project evaluation and exploration excellence while adhering to high standards of corporate governance and environmental stewardship [7].