Fury Gold Mines To Raise C$11M Via Private Placement

Fury Gold Mines Ltd FURYFURY entered into subscription agreements with two placees for a private placement sale of 13.75 million common shares at C$0.80 for proceeds of C$11 million.
The placees include a Canadian corporate investor and a U.S. institutional investor.
The company plans to use the proceeds to fund continued exploration at the Eau Claire project in Quebec and for general working capital.
Price Action: FURY shares are trading higher by 7.63% at C$0.67 on the last check Tuesday.