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Fury Gold Mines Launches C$5M Exploration Financing

Fury Gold Mines Launches C$5M Exploration Financing

Fury Gold Mines (TSE:FURY) has released an update.

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Fury Gold Mines Limited has announced a C$5 million financing effort through the sale of ‘flow-through shares’ to fund its Canadian exploration activities. The offering includes an over-allotment option and utilizes the LIFE Exemption, allowing unrestricted resale in Canadian provinces. The generated funds will be channeled into exploration at the company’s Eau Claire and Éléonore South projects, with a closing date set for around June 13, 2024.

For further insights into TSE:FURY stock, check out TipRanks’ Stock Analysis page.

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