Fury Gold Mines Secures Financing for Future Exploration
Fury Gold Mines Limited Announces Financing Initiative
Fury Gold Mines Limited (TSX and NYSE American: FURY), a leading exploration company in Canada, is excited to announce a private placement intended to secure up to 3,246,753 common shares. Priced at C$0.77 per share, this initiative aims to raise a total of C$2.5 million in gross proceeds.
Utilizing Flow-Through Shares for Growth
These shares will function as flow-through shares under the Income Tax Act of Canada, enabling eligible tax benefits for investors. The proceeds obtained will be directed toward “Canadian exploration expenses” that align with flow-through mining expenditures. Fury plans to allocate these funds primarily to their exciting development projects situated in important mining regions of Québec and Nunavut.
Closing Date and Structure of the Offering
The closing of this offering is anticipated around June 19, 2025, contingent upon the signing of subscription agreements and obtaining all necessary approvals, including those from the Toronto Stock Exchange and the NYSE American. Though the offering isn’t brokered, Fury may choose to pay finder’s fees of up to 6% to assist with the financing.
Commitment to Corporate Governance and Environmental Responsibility
Fury Gold Mines is dedicated to upholding rigorous standards in corporate governance, environmental protection, and sustainable mining practices. With a robust management team and a proven track record, the company is focused on leveraging this financing to enhance its multi-million-ounce gold platform through innovative project evaluations and top-tier exploration techniques.
About Fury Gold Mines Limited
Fury is positioned strategically in two prolific mining regions within Canada. Additionally, it holds a significant common share ownership in Dolly Varden Silver Corp., showcasing its commitment to advancing exploration assets. The company's dedicated approach balances exploration with corporate consciousness, ensuring a positive impact on both the industry and the communities they serve.
Contact Information
For those seeking more information, Margaux Villalpando, Manager of Investor Relations, is available to provide assistance and details regarding the company’s initiatives. You can reach her at (844) 601-0841 or via email at info@furygoldmines.com.
Frequently Asked Questions
What is the purpose of the financing announced by Fury Gold Mines?
The financing aims to raise C$2.5 million for eligible Canadian exploration expenses to support Fury's projects in Québec and Nunavut.
When is the expected closing date for the offering?
The offering is expected to close on or about June 19, 2025, pending necessary approvals and completion of subscription agreements.
What are flow-through shares?
Flow-through shares allow investors to receive tax benefits associated with Canadian exploration expenses, making them an attractive investment option.
Who should I contact for more information about Fury Gold Mines?
For inquiries, you can contact Margaux Villalpando at (844) 601-0841, or reach out via the email info@furygoldmines.com.
Which stock exchanges are Fury Gold Mines listed on?
Fury Gold Mines is listed on both the TSX and the NYSE American under the ticker symbol FURY.
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