Fury Gold Mines Limited announced a private placement of up to 5,320,000 flow-through common shares at a price of CAD 0.94 per share for the gross proceeds of CAD 5,000,800 on May 23, 2024. The offering is scheduled to close on or about June 13, 2024, subject to customary closing conditions, including receipt of all necessary approvals including the approval of the Toronto Stock Exchange and the NYSE American LLC. The company has agreed to pay the agents a cash commission of up to 6% of the gross proceeds raised under the offering.

The Company has agreed to grant to the agents an 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 at the Issue Price, for a period of up to 48 hours prior to closing of the offering. The Company has agreed to pay the Agents a cash commission of up to 6% of the gross proceeds raised under the Offering.