Not for distribution to united states newswire services or for dissemination in the united states vancouver, british columbia, may 23, 2024 (globe newswire) -- fury gold mines limited (tsx: fury, nyse american: fury) (“fury” or the “company”) is pleased to announce that it has entered into an agreement with haywood securities inc., on behalf of itself and a syndicate of agents to be formed (collectively, the “agents”) pursuant to which the agents have agreed to sell, on a commercially reasonable efforts agency basis, up to 5,320,000 common shares of the company that will qualify as “flow-through shares” within the meaning of subsection 66(15) of the income tax act (canada) and section 359.1 of the taxation act (quÉbec) (the “ft shares”) at a price of c$0.94 per ft share (the “issue price”) to be sold on a charitable flow-through basis, for total gross proceeds to the company of c$5,000,800 (the “offering”). in addition, the company has agreed to grant to the agents an over-allotment option (the “over-allotment option”) exercisable, in whole or in part, at the sole discretion of the agents, to purchase up to an additional 798,000 ft shares (representing 15% of the total number of ft shares comprising the offering) at the issue price, for a period of up to 48 hours prior to closing of the offering.
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