11:06 AM EDT, 05/23/2024 (MT Newswires) -- Fury Gold Mines ( FURY ) on Thursday said it is seeking $5 million from a private placement of flow-through shares.

The company said a syndicate of agents agreed to sell 5.32-million of the tax-advantaged shares priced at C$0.94 on a best efforts basis. They have also been given a 15% over-allotment option should demand warrant.

The offering is expected to close about June 13.

The company's shares were last seen down $0.05 to $0.59 on the Toronto Stock Exchange.

Price: 0.59, Change: -0.05, Percent Change: -7.81