Fury Gold Mines (FURY) has closed a private placement of 3,999,701 common shares of the Company that qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act at a price of C$0.77 per FT Share for total gross proceeds of C$3,079,800. In connection with the Offering, Agnico Eagle Mines exercised its existing participation right and acquired 440,000 common shares of the Company at a price of C$0.67 per Common Share for gross proceeds of C$294,800. The Common Shares acquired in the Private Placement do not qualify as “flow-through shares”. The Private Placement, together with the Offering, resulted in the Company raising aggregate gross proceeds of C$3,374,600. The proceeds from the Private Placement will be used to advance the Company’s Committee Bay exploration program.
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