Fury Gold Mines Ltd 6-K, filed Oct 14, 2021
Fury Gold Mines Ltd (FURY)
6-K
2021-10-14
For: 2021-10-13
View Original
Added on
April 10, 2026
About this 6-K
Fury Gold Mines Ltd filed this 6-K on October 14, 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 October
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: October 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 Completes CAD$5,596,088 Non-Brokered Private
Placement
Vancouver, Canada – October 13, 2021 – Fury Gold Mines
Limited (TSX: FURY)(NYSE American: FURY) (“Fury” or the
“Company”) announces that the Company has closed the second
and final tranche of its non-brokered private placement announced
on September 22, 2021 (the
“Placement”).
The Company issued an additional 2,375,780 units
at a price of CAD$0.75 per unit for gross proceeds of
CAD$1,781,835. Each unit consists of one common share of Fury (a
“Common Share”) and one common share purchase warrant
(each, a “Warrant”) entitling the holder to purchase
one Common Share (“Warrant Share”) at a price of
CAD$1.20 for a period of three (3) years from
today. The
expiry date of the Warrants can be accelerated to 30 days with
notice from the Company should the Common Shares trade after the
expiry of the four-month hold period at a price equal to or greater
than CAD$1.50 for 20 consecutive trading days. All Common Shares issued and Warrant Shares are
subject to a hold period in Canada expiring four months from today
in accordance with Canadian securities laws. In aggregate, the
Company has issued a total of 7,461,450 Units, inclusive of the
5,085,670 Units issued on October
6, 2021 and 2,375,780 Units issued today and has raised gross
proceeds of CAD$5,596,088. Total expenses, including finders’
fees, were under 1.5% of the gross proceeds raised.
Net proceeds from the Placement will be used to fund continued
exploration at the Company’s Eau Claire project in Quebec and
for working capital.
None of
the Common Shares, the Warrants or the Warrant Shares have been or
will be registered under the United States Securities Act of 1933,
as amended (the “U.S.
Securities Act”), and will not be offered or sold in
the United States other than pursuant to available exemptions from
the registration requirements of the U.S. Securities Act. Any
securities sold to investors in the United States will be
“restricted securities” and subject to restrictions on
resale under the U.S. Securities Act. This news appears as a matter
of record only, these securities have been sold.
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 exploration mining assets, Fury intends to grow and
advance its multi-million-ounce gold platform through project
evaluation and exploration excellence. 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 Canadian and United States
securities laws ("forward-looking statements"), which relate to
thecompletion of the Placement, the future operations of the
Company and other statements that are not historical facts.
Forward-looking statements in this release reflect management's
current estimates, expectations or beliefs regarding future events
and so have inherent uncertainty and risk. Specific forward-looking
statements contained in this release includes information relating
to completion of additional tranches of the Placement.
Readers
should refer to the risks discussed in the Company’s Base
Shelf Prospectus and subsequent continuous disclosure filings with
the Canadian Securities Administrators available at www.sedar.com
and 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.