Fury Announces CAD$5 Million Financing Pursuant To Which The Agents Have Agreed To Sell, On A Commercially Reasonable Efforts Agency Basis, Up To 5.32M Common Shares That Will Qualify As "Flow-Through Shares"
Portfolio Pulse from Benzinga Newsdesk
Fury Gold Mines Limited (NYSE:FURY) has announced a CAD$5 million financing agreement with Haywood Securities Inc. and a syndicate of agents. The agents will sell up to 5.32 million common shares as 'flow-through shares' at CAD$0.94 per share.
May 23, 2024 | 12:18 pm
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Fury Gold Mines Limited has entered into a CAD$5 million financing agreement to sell up to 5.32 million flow-through shares at CAD$0.94 per share. This move is expected to provide the company with significant capital for its operations.
The financing agreement will provide Fury Gold Mines with CAD$5 million in capital, which is likely to be used for operational and exploration activities. This influx of funds is positive for the company's short-term financial health and could lead to increased investor confidence.
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