Fury Gold Mines (FURY) globenewswire.com·2024-05-23 12:02Core Viewpoint - Fury Gold Mines Limited has announced an agreement to sell up to 5,320,000 flow-through shares at a price of C5,000,800 for exploration expenses [1][4]. Group 1: Offering Details - The offering includes an over-allotment option for agents to purchase an additional 798,000 flow-through shares, representing 15% of the total offering [2]. - The flow-through shares will be offered under the listed issuer financing exemption, allowing them to be sold without resale restrictions in Canada [3]. - The gross proceeds will be allocated to Canadian exploration expenses, specifically for the Eau Claire and Éléonore South projects, with expenditures to be incurred by December 31, 2025 [4]. Group 2: Closing and Commissions - The offering is expected to close around June 13, 2024, pending customary closing conditions and necessary approvals from the Toronto Stock Exchange and NYSE American [5]. - The company will pay agents a cash commission of up to 6% of the gross proceeds raised [5]. Group 3: Company Overview - Fury Gold Mines Limited is focused on exploration in Canada and holds a significant position in Dolly Varden Silver Corp, owning approximately 19% of its issued shares [7]. - The company aims to expand its gold platform through rigorous project evaluation and exploration excellence, while adhering to high standards of corporate governance and environmental stewardship [7].