Fury Gold Mines Closes C$5 Million Financing

Fury Gold Mines Limited has announced the closure of its brokered private placement of 5,320,000 common shares. These shares, classified as "flow-through shares" under Canadian law, were sold at C$0.94 each, generating total gross proceeds of C$5,000,800.

The placement was managed by a syndicate of agents including Haywood Securities Inc., BMO Capital Markets, H.C. Wainwright & Co., LLC, and Echelon Wealth Partners Inc. The proceeds will fund eligible "Canadian exploration expenses" for Fury's projects in Québec, with expenses to be renounced to purchasers by December 31, 2024.

The shares were sold under the LIFE Exemption, allowing resale without restrictions under Canadian laws. The agents received a compensation equal to 6.0% of the gross proceeds.