Fury Completes CAD$5,596,088 Non-Brokered Private Placement
Fury Completes CAD$5,596,088 Non-Brokered Private Placement
Vancouver, BC – October 13, 2021 – Fury Gold Mines Limited (TSX: FURY)(NYSE American: FURY)
(“Fury” or the “Company”) announces that the Company has closed the second and final tranche of
its non-brokered private placement announced on September 22, 2021 (the “Placement”).
The Company issued an additional 2,375,780 units at a price of CAD$0.75 per unit for gross proceeds of
CAD$1,781,835. Each unit consists of one common share of Fury (a “Common Share”) and one common
share purchase warrant (each, a “Warrant”) entitling the holder to purchase one Common Share
(“Warrant Share”) at a price of CAD$1.20 for a period o f three (3) years from today. The expiry date of
the Warrants can be accelerated to 30 days with notice from the Company should the Common Shares
trade after the expiry of the four -month hold period at a price equal to or greater than CAD$1.50 for 20
consecutive trading days. All Common Shares issued and Warrant Shares are subject to a hold period
in Canada expiring four months from today in accordance with Canadian securities laws. In aggregate,
the Company has issued a total of 7, 461,450 Units, inclusive of the 5,085,670 Units issued on
October 6, 2021 and 2,375,780 Units issued today and has raised gross proceeds of CAD$5,596,088.
Total expenses, including finders’ fees, were under 1.5% of the gross proceeds raised.
Net proceeds from the Placement will be used to fund continued exploration at the Company’s Eau Claire
project in Quebec and for working capital.
None of the Common Shares, the Warrants or the Warrant Shares have been or will 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
appears as a matter of record only, these securities have been sold.
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 b y a management team and board of directors with proven
success in financing exploration mining assets, Fury intends to grow and advance its multi-million-ounce
gold platform through 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 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
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 additional tranches 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 can speak only as of the date
made.
- End -