9 October 2020
Fury Gold Mines Limited is pleased to announce completion of the previously announced transaction resulting in Auryn Resources Inc. acquiring Eastmain Resources Inc. and forming Fury Gold. Prior to the merger, Auryn spun out its Peruvian assets into two new companies (the “Spincos”) and distributed the shares to Auryn shareholders. Fury Gold has also now received the net proceeds of the previously completed C$23 million subscription receipt financing, which was conditional on the completion of the Fury Gold transaction. Shares of Fury Gold are expected to commence trading on the NYSE American on Monday, October 12, 2020 and on the Toronto Stock Exchange on Tuesday, October 13, 2020 (due to the Canadian Thanksgiving holiday). Shares of Auryn will continue to trade until close of market on October 9, 2020. So long as Auryn shares continue to be traded on the TSX under the AUG symbol, a purchaser will be entitled to receive SpinCo shares on settlement of the trade and a seller of AUG will not retain any entitlement to SpinCo shares.