Fury Announces CAD$5,025,000 Non-Brokered Private Placement
Fury Announces CAD$5,025,000 Non-Brokered Private Placement
Vancouver, Canada – September 22, 20 21 – Fury Gold Mines Limited (TSX: FURY)(NYSE
American: FURY) (“Fury” or the “Company ”) has arranged a private placement for approximately
CAD$5.025 million dollars from the sale of 6.7 million units of the Company at a price of CAD$0.75 per
Unit (the “Placement”). Each Unit will consist of one common share of Fury (a “Common Share”) and one
common share purchase warrant (each, a “Warrant”).
Each Warrant can be exercised to purchase a Common Share (a “Warrant Share”) at an exercise price
of CAD$1.20 until the date that is three (3) years from the closing date. The expiry date of the Warrants
can be accelerated to 30 days by notice from the Company should the Common Shares trade at a price
equal to or greater than CAD$1.50 for 20 consecutive trading days.
Proceeds from the Offering will be used to fund continued exploration at the Company’s Eau Claire project
in Quebec and for general working capital.
Completion of the Placement may be completed in multiple tranches and is subject to receipt of executed
subscription agreements and funds and customary closing conditions including conditional approval from
the Toronto Stock Exchange and the NYSE American.
The securities issued under the Placement will be subject to a four-month hold period under Canadian
securities laws. The Common Shares, the Warrants or the Warrant Shares 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 exempt ions 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 press
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 gold exploration company positioned in three prolific
mining regions across the country. Led by a management team and board of directors with proven
success in financing exploration and developing mining assets , Fury intends to grow and advance its
multi-million-ounce gold platform through 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 Limited, visit
www.furygoldmines.com .
For further information on Fury Gold Mines Limited, please contact:
Salisha Ilyas
Vice President, Investor Relations
Tel: (437) 500-2529
Email: [email protected]
Website: www.furygoldmines.com
LEGAL_37169168.3
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 secur ities
laws ("forward-looking statements"), which relate to 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.
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