Fury Announces CAD$11,000,000 Private Placement
www.furygoldmines.com
Fury Announces CAD$11,000,000 Private Placement
Vancouver, Canada – April 12, 2022 – Fury Gold Mines Limited (TSX:FURY)(NYSE
American:FURY) ("Fury" or the "Company") announces that it has entered into subscription
agreements with two placees who include a Canadian corporate investor and a US institutional investor
for a private placement sale of 13.75 million common shares of the Company at a price of $0.80 for
proceeds of CAD$11.0 million (the "Private Placement").
Proceeds from the Private Placement will be used to fund continued exploration at the Company's Eau
Claire project in Quebec and for general working capital.
All Common Shares issued are subject to a hold period expiring four months from the closing date of
the Private Placement in accordance with applicable securities laws. Closing of the Private Placement is
subject to approval from the Toronto Stock Exchange and the NYSE American and is anticipated to
occur within approximately three business days of this announcement.
The Common Shares have not and will not 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 release does not constitute an offer to sell or the
solicitation of an offer to buy the securities.
About Fury Gold Mines Limited
Fury Gold Mines Limited is a Canadian-focused exploration company positioned in two prolific mining
regions across the country. Led by a management team and board of directors with proven success in
financing and advancing exploration assets, Fury intends to grow its multi-million-ounce gold platform
through rigorous project evaluation and exploration excellence. Fury is committed to upholding the
highest industry standards for corporate governance, environmental stewardship, community
engagement and sustainable mining. For more information on Fury Gold Mines, visit
www.furygoldmines.com.
For further information on Fury Gold Mines Limited, please contact:
Margaux Villalpando
Tel: (778) 729-0600
Email: [email protected]
Website: www.furygoldmines.com
www.furygoldmines.com
Forward-Looking Statements and Additional Cautionary Language
This release includes certain statements that may be deemed to be "forward-looking information" or
"forward-looking statements" within the meaning of applicable Canadian and United States securities
laws ("forward-looking statements"), which relate to the completion of the Placement, the future
operations of the Company and other statements that are not historical facts. Forward-looking statements
in this release reflect management's current estimates, expectations or beliefs regarding future events
and so have inherent uncertainty and risk. Specific forward-looking statements contained in this release
includes information relating to completion of the Placement.
Readers should refer to the risks discussed in the Company's Base Shelf Prospectus and subsequent
continuous disclosure filings with the Canadian Securities Administrators available at www.sedar.com
and with the United States Securities and Exchange Commission and available at www.sec.gov. Readers
should not place heavy reliance on forward-looking statements, which speak only as of the date made.