By Sheri Kasprzak
New York, March 24 - Fury Explorations Ltd. has concluded a C$2,300,100 non-brokered private placement, selling 6.97 million units.
The units, priced at C$0.33 each, include one share and one warrant.
The unit price is a 17.5% discount to the company's closing stock price of C$0.40 on Feb. 9 - the pricing date.
The warrants allow for the purchase of another share at C$0.60 each for two years.
News of the settlement comes just a few days after Fury acquired 100% interest in the Taylor silver mine in Nevada.
Based in Vancouver, B.C., Fury is a precious metals exploration company.
| Issuer: | Fury Explorations Ltd.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$2,300,100
|
| Units: | 6.97 million
|
| Price: | C$0.33
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.60
|
| Placement agent: | Non-brokered
|
| Pricing date: | Feb. 9
|
| Settlement date: | March 23
|
| Stock symbol: | TSX Venture: FUR
|
| Stock price: | C$0.40 at close Feb. 9
|
| Stock price: | C$0.95 at close March 23
|
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