Fury Gold Mines Ltd 6-K, filed Oct 18, 2021
Fury Gold Mines Ltd (FURY)
6-K
2021-10-18
For: 2021-10-18
View Original
Added on
April 10, 2026
About this 6-K
Fury Gold Mines Ltd filed this 6-K on October 18, 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)
1630-1177 West Hastings Street, Vancouver, BC, V6E
2K3 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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Material
Change Report
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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 18, 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
FORM 51–102F3
MATERIAL CHANGE REPORT
UNDER NATIONAL INSTRUMENT 51-102
Item
1
Name
and Address of Company
Fury
Gold Mines Limited. (the “Company”)
1630-1177
West Hastings Street
Vancouver,
BC V6E 2K3
Item
2
Date
of Material Change
October
6-13, 2021.
Item
3
News
Release
A news
release was issued by the Company through newswire services on
October 6 and 13, 2021.
Item
4
Summary
of Material Change
On
October 13, 2021, the Company completed its previously announced
non-brokered private placement for total gross proceeds of
CAD$5,596,088 by issuing 7,461,450 units at a price of $0.75 per
unit. The first tranche completed October 6, 2021 and was announced
at that time. 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.
Item
5
Full
Description of Material Change
5.1
Full
Description of Material Change
The
Company completed a previously announced non-brokered private
placement for an additional 2,375,780 units at a price of CAD$0.75
per unit for total gross proceeds of CAD$5,596,088 by issuing
7,461,450 units at a price of $0.75 per unit. Each unit consists of
one Common Share of Fury and one Warrant entitling the holder to
purchase one Warrant Share at a price of CAD$1.20 for a period of
three (3) years. 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.
The
non-brokered private placement was completed in two tranches, with
5,085,670 Units issued on October 6, 2021 for gross proceeds of
CAD$3,814,253 and 2,375,780 Units issued on October 13, 2021 for
gross proceeds of CAD$1,781,835. Total expenses, including finders'
fees, were under 1.5% of the gross proceeds raised.
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.
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.
The
Shares issued under the Offering are subject to a four-month hold
period under Canadian securities laws. The Shares have not been
registered under the United States Securities Act of 1933, as
amended (the “U.S. Securities Act’), and have not been
offered or sold in the United States other than pursuant to
available exemptions from the registration requirements of the U.S.
Securities Act. Any Shares sold to investors in the United States
are “restricted securities” and subject to restrictions
on resale under the U.S. Securities Act.
5.2
Disclosure
for Restructuring Transactions
Not
applicable.
Item
6
Reliance
on subsection 7.1(2) of National Instrument
51–102
Not
applicable.
Item
7
Omitted
Information
Not
applicable.
Item
8
Executive
Officer
Lynsey
Sherry
Chief
Financial Officer
Telephone:
(844-601-0841)
Item
9
Date
of Report
October
18, 2021.