Fury Announces C$2.5 Million Financing

Core Viewpoint - Fury Gold Mines Limited is initiating a private placement of up to 3,246,753 common shares at a price of C$0.77 per share, aiming to raise total gross proceeds of C$2,500,000 to fund eligible Canadian exploration expenses [1][2]. Group 1: Offering Details - The shares will qualify as "flow-through shares" under Canadian tax law, allowing the company to incur eligible exploration expenses in Québec and Nunavut [2]. - The offering is expected to close around June 19, 2025, pending necessary approvals and subscription agreements [3]. - The company may pay finder's fees of up to 6% from its working capital for assistance with the financing [3]. Group 2: Company Overview - Fury Gold Mines Limited is a Canadian-focused exploration company with a significant position in Dolly Varden Silver Corp, holding approximately 14.5% of issued shares [5]. - The company aims to grow its gold platform through rigorous project evaluation and exploration excellence, adhering to high standards of corporate governance and sustainable mining practices [5].