Fury Announces Up to C$12 Million Brokered Financing
Summary
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 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 Qu\xe9bec, and therefore will not be subject to resale restrictions pursuant to applicable Canadian securities laws.There is an offering document related to the Offering (the LIFE Offering Document) that can be accessed under the Companys profile on SEDAR+ at www.sedarplus.ca and on the Companys website at www.furygoldmines.com. Prospective investors should read this offering document before making an investment decision.The gross proceeds of the Offering will be used by the Company to incur Canadian exploration expenses that qualify as flow-through mining expenditures as such terms are defined in the Income Tax Act (Canada)(the Qualifying Expenditures) on or before December 31, 2026. Fury is committed to upholding the highest industry standards for corporate governance, environmental stewardship, community engagement and sustainable mining. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should" "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements.Forward-looking information herein includes, but is not limited to, statements that address activities, events or developments that Fury expects or anticipates will or may occur in the future including the amount of the proceeds of the Offering, closing date of the Offering, proposed use of proceeds of the Offering and the tax treatment of the Traditional FT Shares and Charity FT Units. Although Fury has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information including the speculative nature of mineral exploration and development, fluctuating commodity prices, the future tax treatment of the Traditional FT Shares and Charity FT Units, the risks and uncertainties related to the Offering not being completed in the event that the conditions precedent thereto (including receipt of requisite regulatory approvals) are not satisfied; uncertainties related to raising sufficient financing in a timely manner and on acceptable terms; and other risks and uncertainties disclosed in our recent securities filings available at .There may also be other factors that cause actions, events or results not to be as anticipated, estimated or intended.