Fury Announces Closing of C$5 Million Financing
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada
TSX: FURY NYSE American: FURY
www.furygoldmines.com
Fury Announces Closing of C$5 Million Financing
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
VANCOUVER, Canada – June 13, 2024 – Fury Gold Mines Limited (TSX: FURY, NYSE American:
FURY) (“Fury” or the “Company”) is pleased to announce that it has closed its previously announced
brokered private placement of 5,320,000 common shares of the Company that qualify as “flow-through
shares” as defined under subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the
Taxation Act (Québec) (the “FT Shares”) at a price of C $0.94 per FT Share (the “Issue Price”) for total
gross proceeds to the Company of C$5,000,800 (the “Offering”).
The Offering was conducted by a syndicate of agents led by Haywood Securities Inc. and including BMO
Capital Market s, H.C. Wainwright & Co., LLC , and Echelon Wealth Partners Inc. (collectively, the
“Agents”).
The gross proceeds of the Offering will be used by the Company to incur eligible “Canadian exploration
expenses” that qualify as “flow-through mining expenditures” as such terms are defined in the Income
Tax Act (Canada), and with respect to Québec resident purchasers will also qualify for inclusion in the
“exploration base relating to certain Québec exploration expenses” and in the “exploration base relating
to certain Québec surface mining expenses or oil and gas exploration expenses” within the meaning of
the Taxation Act (Québec) (collectively, the “Qualifying Expenditures”) related to the Company’s
projects in Québec on or before December 31, 2025. All Qualifying Expenditures will be renounced in
favour of the purchasers of the FT Shares effective December 31, 2024. The exploration expenditures
to be incurred will include expenditures in connection with the exploration of the Company’s Eau Claire
and Éléonore South projects, as detailed in the offering document posted on the Company’s website at
www.furygoldmines.com and on SEDAR+ at www.sedarplus.ca.
The FT Shares were sold to purchasers pursuant to the listed issuer financing exemption (“LIFE
Exemption”) under Part 5A of National Instrument 45-106 - Prospectus Exemptions and therefore are
not subject to resale restrictions pursuant to applicable Canadian securities laws. In connection with the
Offering, the Agents received compensation equal to 6.0% of the gross proceeds raised under the
Offering.
The securities offered in the Offering have not been, and will not be, registered under the U.S. Securities
Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for
the account or benefit of, United States pe rsons absent registration or any applicable exemption from
the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
www.furygoldmines.com
news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be
any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Fury Gold Mines Limited
Fury Gold Mines Limited is a Canadian -focused exploration company positioned in two prolific mining
regions across the country and holds a 54 million common share position in Dolly Varden Silver Corp.
(18.99% of issued shares). 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 committe d 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.
Neither the TSX nor its Regulations Services Provider (as that term is defined in the policies of the TSX)
accepts responsibility for the adequacy or accuracy of this news release.
For further information on Fury Gold Mines Limited, please contact:
Margaux Villalpando, Investor Relations
Tel: (844) 601-0841
Email: [email protected]
Website: www.furygoldmines.com
Forward-Looking Information
This press release contains "forward -looking information" within the meaning of applicable Canadian
securities laws. Any statements that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often,
but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected",
"scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or vari ations
of such words and phrases or statements that certain actions, events or results "may", "could", "would",
"will", "should" "might", "will be taken", or "occur" and similar expressions) are not statements of
historical fact and may be forward-looking statements.
Forward-looking information herein includes, but is not limited to, statements that address activities,
events or developments that Fury expects or anticipates will or may occur in the future including the
proposed use of proceeds of the Offering and the t ax treatment of the FT Shares. Although Fury has
attempted to identify important factors that could cause actual actions, events or results to differ
materially from those described in forward -looking information including the speculative nature of
mineral exploration and development, fluctuating commodity prices, the future tax treatment of the FT
Shares, competitive risks and the availability of financing, as described in more detail in our recent
securities filings available at www.sedarplus.ca.
There may also be other factors that cause actions, events or results not to be as anticipated, estimated
or intended. There can be no assurance that such information will prove to be accurate, and actual
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
www.furygoldmines.com
results and future events could differ materially from those anticipated in such information. Accordingly,
readers should not place undue reliance on forward -looking information. Fury does not undertake to
update any forward-looking information except in accordance with applicable securities laws.