Fury Gold Mines Upsizes Financing to C$18 Million
Fury Gold Mines Limited announced on Tuesday that it has increased its planned financing to C$18 million, up from previously communicated amounts. The company states the funds will be used for exploration expenditures in Canada.
Fury Gold Mines Limited has increased its planned private placement financing to C$18 million, an upsize from previously announced figures.
The company announced Tuesday it has entered into an amended agreement with a syndicate of agents, including Haywood Securities Inc., to increase the offering size. The financing will consist of up to 9,915,000 national charity flow-through units at C$1.21 per unit, and up to 6,003,000 traditional flow-through shares at C$1.00 per share.
Additionally, the previously announced overallotment option has been removed from the agreement. The company stated the gross proceeds will be used to incur Canadian exploration expenses on its gold projects, including the Eau Claire and Committee Bay projects. The financing is expected to close on or about October 10, 2025.
Fury Gold Mines focuses on exploration in prolific Canadian mining regions and also holds a significant stake in Dolly Varden Silver Corp. The company's management and board have a track record of successfully financing and advancing exploration assets.