VANCOUVER, British Columbia, Sept. 22, 2025 (GLOBE NEWSWIRE) -- FURY GOLD MINES LIMITED (TSX:FURY, NYSE:FURY) ("Fury" or the "Company") is pleased to announce that it has entered into an agreement with Haywood Securities Inc., on behalf of itself and a syndicate of agents to be formed (collectively, the "Agents") pursuant to which the Agents have agreed to sell, on a commercially reasonable efforts agency basis, any combination of: (i) national charity flow-through units (the "Charity FT Units") at a price per Charity FT Unit of C$1.21; and (ii) traditional flow-through shares (the "Traditional FT Shares") at a price per Traditional FT Share of C$1.00, for total aggregate gross proceeds of up to C$12,000,000 (the "Offering").
Each Traditional FT Share will be a common share of the Company (a "Share") that will qualify as a "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act (Canada). Each Charity FT Unit will consist of one Share of the Company that will qualify as a "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (each, a "Charity FT Share") plus one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will also qualify as a "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act (Canada). Each whole Warrant will entitle the holder thereof to purchase one Share (each, a "Warrant Share") at an exercise price of C$1.20 for 24 months following completion of the Offering. The Warrant Shares will not qualify as "flow-through shares" within the meaning of the Income Tax Act (Canada).
In addition, the Company has agreed to grant to the Agents an over-allotment option exercisable, in whole or in part, at the sole discretion of the Agents, to sell up to an additional number of Charity FT Units and/or Traditional FT Shares in any combination equal to 15% of the total Charity FT Units and Traditional FT Shares issuable pursuant to the Offering, at the respective issue prices for a period of up to 48 hours prior to closing of the Offering.
The Charity FT Units and Traditional FT Shares ...
