Fury Gold Mines Ltd 6-K, filed Sep 13, 2021
Fury Gold Mines Ltd (FURY)
6-K
2021-09-13
For: 2021-09-13
View Original
Added on
April 10, 2026
About this 6-K
Fury Gold Mines Ltd filed this 6-K on September 13, 2021.
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of September
2021
Commission
File No. 001-38145
Fury Gold Mines Limited
(Translation
of registrant’s name into English)
34 King Street East Suite 900, Toronto, M5C 2X8
Canada
(Address
of principal executive office)
Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F
Form
20-F [ ] Form
40-F [X]
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1) [
]
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(7) [
]
SUBMITTED HEREWITH
Exhibits
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Press
Release
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SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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Fury Gold Mines Limited
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Date: September 13, 2021
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By:
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/s/ Lynsey
Sherry
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Lynsey Sherry
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Chief Financial Officer
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Exhibit 99.1
Fury to Buy-Out Homestake Ridge Royalty
Toronto, Canada – September 13, 2021 –
Fury Gold Mines Limited (TSX:
FURY)(NYSE American: FURY) (“Fury” or the
“Company”) is pleased to announce that the
Company has entered into a Royalty Purchase Agreement (‘the
Agreement”) for the purchase of a 2% net smelter return
royalty (“the Royalty’) on certain claims at its
Homestake Ridge project in British Columbia (Figure 1). The
purchase price is $400,000, payable 25% in cash and 75% in shares
priced at the 5-day VWAP prior to completion on or before September
20, 2021, but in no event more than 328,367 shares or fewer than
239,000 shares. The shares will be subject to a four-month hold
period in Canada. The TSX has conditionally approved the listing of
these shares.
“The
purchase and consolidation of the Homestake Ridge Royalty provides
for a simplified, cleaner ownership structure of the project as it
advances through future stages of discovery,” commented Tim
Clark, CEO of Fury.
The
Homestake Ridge project is located in the prolific
Iskut-Stewart-Kisault gold belt in northwestern British Columbia,
Canada, and covers approximately 7,500 hectares. The project is
host to a high-grade gold, silver, copper and lead resource, which
remains open at depth and along strike. The Homestake Ridge project
is held 100% by the Company, subject to two royalties, with a 2%
net smelter royalty (“NSR”) applicable to the Crown
grants; and a 2% Royalty on 14 mineral claims, which is the subject
of this Agreement.
Figure
1: Homestake Ridge project location map showing land claims and
royalties
www.furygoldmines.com
About Fury Gold Mines Limited
Fury
Gold Mines Limited is a Canadian-focused gold exploration company
positioned in three prolific mining regions across the country. Led
by a management team and board of directors with proven success in
financing and exploring mining assets, Fury intends to grow and
advance its multi-million-ounce gold platform through potential new
discoveries. Fury is committed to upholding the highest industry
standards for corporate governance, environmental stewardship,
community engagement and sustainable mining. For more information
on Fury Gold Mines Limited, visit www.furygoldmines.com.
For further information on Fury Gold Mines Limited, please
contact:
Salisha
Ilyas
Vice
President, Investor Relations
Tel:
(437) 500-2529
Email:
info@furygoldmines.com
Website: www.furygoldmines.com
Forward-Looking Statements and Additional Cautionary
Language
This
release includes certain statements that may be deemed to be
“forward-looking information” or “forward-looking
statements” within the meaning of applicable Canada and
United States securities laws (“forward-looking
statements”), which relate to the future operations of the
Company and other statements that are not historical facts.
Generally, these forward-looking statements can be identified by
the use of forward-looking terminology such as "plans", "expects",
"budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates", or "believes", or the negatives and/or variations of
such words and phrases, or state that certain actions, events or
results "may", "could", "would", "might" or "will be taken",
"occur", "be achieved" or "has the potential to". Forward-looking
statements are information that includes implied future performance
and/or forecast information. Forward-looking statements in this
release reflect management's current estimates, predictions,
expectations or beliefs regarding future events. Specific
forward-looking statements contained in this release include
information which is subject to final approvals of common share
issuance by the TSX and NYSE.
There
can be no assurance that such statements will prove to be accurate,
and actual results and future events could differ materially from
those anticipated in such statements. Forward-looking statements
reflect the beliefs, opinions and projections on the date such
statements are made and are based on a number of assumptions and
estimates that, while considered reasonable at the time, are
inherently subject to significant business, economic, competitive,
political and social uncertainties and contingencies. Such
assumptions, which may prove to be incorrect, include: general
economic and industry growth rates; the outlook for minerals; the
Company's ability to raise additional capital to proceed with its
exploration, development and operations plans; the Company's
ability to obtain or renew the licenses and permits necessary for
its current and future operations; and the impact of the COVID-19
pandemic. Although the Company believes that the assumptions and
expectations reflected in those forward-looking statements were
reasonable at the time such statements were made, there can be no
assurance that such assumptions and expectations will prove to be
correct.
Forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause actual results, performance or achievements
of the Company to be materially different (either positively or
negatively) from any future results, performance or achievements
expressed or implied by such forward-looking statements, including
risks relating, but not limited, to: the COVID-19 pandemic; the
future price of minerals, including gold and other metals; and the
success of the Company's exploration and development activities.
Readers should refer to the risks discussed in the Company's Base
Shelf Prospectus, Annual Information Form and MD&A for the year
ended December 31, 2020 and subsequent continuous disclosure
filings with the Canadian Securities Administrators available at
www.sedar.com and the Company's Annual Report on Form 40-F for the
year ended December 31, 2020 filed with the United States
Securities and Exchange Commission and available at www.sec.gov.
Readers should not place heavy reliance on forward-looking
statements, which can speak only as of the date made. The
forward-looking statements contained in this news release is
expressly qualified by this cautionary statement. The Company will
only update disclosure including forward oriented information as
required under applicable securities law.
- End
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www.furygoldmines.com