Fury Gold Mines Limited announced a private placement of 6,700,000 units at a price of CAD 0.75 per unit for gross proceeds of CAD 5,025,000 on September 22, 2021. Each unit will consist of one common share and one common share purchase warrant. Each warrant can be exercised to purchase a common share at an exercise price of CAD 1.20 until the date that is three (3) years from the closing date. The expiry date of the warrants can be accelerated to 30 days by notice from the company should the common shares trade at a price equal to or greater than CAD 1.50 for 20 consecutive trading days. The completion of the transaction may be completed in multiple tranches and is subject to receipt of executed subscription agreements and funds and customary closing conditions including conditional approval from the Toronto Stock Exchange and the NYSE American. The securities issued will be subject to a four-month hold period.