Fury Gold Mines Ltd 6-K, filed Jul 7, 2020
Fury Gold Mines Ltd (FURY)
6-K
2020-07-07
For: 2020-07-07
View Original
Added on
April 10, 2026
About this 6-K
Fury Gold Mines Ltd filed this 6-K on July 7, 2020.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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 July 2020
Commission File No.
001-38145
Auryn Resources
Inc.
(Translation of registrant's name into English)
(Translation of registrant's name into English)
Suite 600, 1199 West Hastings
Street
Vancouver, British Columbia, V6E 3T5 Canada
(Address of principal executive office)
Vancouver, British Columbia, V6E 3T5 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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Auryn Loan Holder Converts $3 Million Bridge Loan into
Equity
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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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AURYN RESOURCES INC.
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Date: July 7,
2020
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By:
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/s/ Stacy
Rowa
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Stacy
Rowa
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Chief
Financial Officer
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Exhibit 99.1
Auryn
Loan Holder Converts $3 Million Bridge Loan into
Equity
Vancouver, Canada – July
7th,
2020 – Auryn Resources Inc. (TSX: AUG, NYSE AMERICAN: AUG)
(“Auryn” or the “Company”) is
pleased to announce the conversion of the 2019 bridge loan by the
loan holder (the “Lender”) into common shares,
thereby leaving Auryn debt-free.
The
Company will issue a total of 1,952,084 common shares (the
“Shares”) to the
Lender at a price of CAD $1.60 per Share in accordance with the
loan amendment that was completed on February 6th, 2020. From the
total, 1,875,000 Shares will be issued for the $3 million principal
loan and 77,084 Shares will be for $123,334 of interest that
accrued at a rate of 10% per annum up to the date of the loan
amendment. The balance of the interest on the loan, that accrued at
a rate of 5% per annum, will be paid to the Lender in
cash.
A Message from Ivan Bebek, Executive Chairman &
Director:
“We are
pleased with the Lenders’s decision to convert the loan to
equity. It demonstrates confidence in our ability to continue to
improve shareholder value going forward. The Company is now
debt-free, actively exploring again in Peru and looking forward to
a busy second half of 2020.”
ON
BEHALF OF THE BOARD OF DIRECTORS OF AURYN RESOURCES
INC.
Ivan Bebek
Executive
Chairman
For
further information on Auryn Resources Inc., please contact Natasha
Frakes, Manager of Corporate Communications at (778) 729-0600
or info@aurynresources.com.
About
Auryn
Auryn
Resources is a technically-driven, well-financed junior exploration
company focused on finding and advancing globally significant
precious and base metal deposits. The Company has a portfolio
approach to asset acquisition and has seven projects, including two
flagships: the Committee Bay high-grade gold project in Nunavut and
the Sombrero copper-gold project in southern Peru. Auryn’s
technical and management teams have an impressive track record of
successfully monetizing assets for all stakeholders and local
communities in which it operates. Auryn conducts itself to the
highest standards of corporate governance and
sustainability.
Forward
Looking Information and Additional Cautionary Language
This
release includes certain statements that may be deemed
“forward-looking statements”. Forward-looking
information is information that includes implied future performance
and/or forecast information including information relating to or
associated with the acquisition and title to mineral concessions.
These 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. Readers should refer to the risks discussed in the
Company’s Annual Information Form and MD&A for the year
ended December 31, 2019 and subsequent continuous disclosure
filings with the Canadian Securities Administrators available
at www.sedar.com and the Company’s registration
statement on Form 40-F filed with the United States Securities and
Exchange Commission and available at www.sec.gov.
The
Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this
release.
