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, in connection with its previously announced private placement financing (the "Offering"), it has entered into an amended agreement with Haywood Securities Inc., on behalf of itself and a syndicate of agents (collectively, the "Agents") to increase the size of the Offering to: (i) up to 9,915,000 national charity flow-through units (the "Charity FT Units") at a price per Charity FT Unit of C$1.21; and (ii) up to 6,003,000 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$18,000,150. In addition, the amended agreement reflects removal of the previously announced over-allotment option.
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).
The Charity FT Units and Traditional FT Shares will be offered to purchasers pursuant to the listed issuer financing exemption ("LIFE Exemption") under Part 5A of NI 45-106 in all of the provinces of Canada, excluding Québec, and therefore will not be subject to resale restrictions pursuant to applicable Canadian securities laws.
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