0001654954-22-013713.txt : 20221014 0001654954-22-013713.hdr.sgml : 20221014 20221014082736 ACCESSION NUMBER: 0001654954-22-013713 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20221013 FILED AS OF DATE: 20221014 DATE AS OF CHANGE: 20221014 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FURY GOLD MINES LTD CENTRAL INDEX KEY: 0001514597 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 000000000 STATE OF INCORPORATION: A1 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38145 FILM NUMBER: 221310311 BUSINESS ADDRESS: STREET 1: 1630-1177 WEST HASTINGS STREET CITY: VANCOUVER STATE: A1 ZIP: V6E 2K3 BUSINESS PHONE: 8446010841 MAIL ADDRESS: STREET 1: 1630-1177 WEST HASTINGS STREET CITY: VANCOUVER STATE: A1 ZIP: V6E 2K3 FORMER COMPANY: FORMER CONFORMED NAME: AURYN RESOURCES INC. DATE OF NAME CHANGE: 20131119 FORMER COMPANY: FORMER CONFORMED NAME: GEORGETOWN CAPITAL CORP DATE OF NAME CHANGE: 20110307 6-K 1 fury_6k.htm FORM 6-K fury_6k.htm

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE

SECURITIES EXCHANGE ACT OF 1934

 

For the month of October 2022

 

Commission File No. 001-38145

 

Fury Gold Mines Limited

(Translation of registrant’s name into English)

 

1630-1177 West Hastings Street, Vancouver, BC, V6E 2K3 Canada

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F

 

Form 20-F ☐    Form 40-F ☒

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) ☐

 

 

 

 

SUBMITTED HEREWITH

 

Exhibits

 

Exhibit 99.1

Material Change Report

 

 

2

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

Fury Gold Mines Limited

 

 

 

 

 

Date: October 13, 2022

By:

/s/ Lynsey Sherry

 

 

 

Lynsey Sherry

 

 

 

Chief Financial Officer

 

 

 

3

 

 EX-99.1 2 fury_ex991.htm MATERIAL CHANGE REPORT fury_ex991.htm

EXHIBIT 99.1

 

FORM 51–102F3

 

MATERIAL CHANGE REPORT

 

UNDER NATIONAL INSTRUMENT 51-102

 

Item 1 

Name and Address of Company

 

Fury Gold Mines Limited. (the “Company”)

1630-1177 West Hastings Street

Vancouver, BC V6E 2K3

 

Item 2 

Date of Material Change

 

October 13, 2022.

 

Item 3

News Release

 

A news release was issued by the Company through newswire services on October 13, 2022.

 

Item 4

Summary of Material Change

 

On October 13, 2022, the Company completed its previously announced non-brokered sale of 17 million common shares of Dolly Varden Silver Corporation (“Dolly Varden”) at CAD$0.40 per share for total gross proceeds of CAD$6,800,000.

 

Item 5

Full Description of Material Change

 

Fury entered into a purchase and sale agreement dated October 3, 2022 (the “Purchase and Sale Agreement”) with a private institutional investor (the “Investor”) whereby Fury agreed to sell 17,000,000 common shares in the capital of Dolly Varden (the “Shares”) to the Investor (the “Sale Transaction”) at price of $0.40 per share. The Sale Transaction closed on October 13, 2022. Upon completion of the Sale Transaction, the ownership interest of Fury in Dolly Varden was reduced from 76,504,590 Dolly Varden Shares, representing approximately 33.2% of the outstanding common shares of Dolly Varden, to 59,504,590 Dolly Varden Shares, representing approximately 25.8% of the outstanding common shares of Dolly Varden.

 

Dolly Varden executed a consent in favour of Fury and the Investor confirming its consent to the Sale Transaction notwithstanding the contractual lock-up under Section 4.3 of the Investor Rights Agreement.

 

The remaining 59,504,590 Dolly Varden Shares owned by Fury represent the balance of the original 76,504,590 Dolly Varden Shares acquired by Fury from Dolly Varden pursuant to a definitive agreement with Dolly Varden dated December 6, 2021 (the "Purchase Agreement") pursuant to which Fury agreed to sell to Dolly Varden a 100% interest in Fury's wholly-owned subsidiary, Homestake Resources Corporation (“Homestake Resources”). Homestake Resources is the owner of a 100% interest in the Homestake Ridge gold-silver project which is located adjacent to the Dolly Varden Project owned by Dolly Varden in the Golden Triangle, British Columbia (the "Transaction"). Fury holds the remaining Dolly Varden Shares subject to the investor rights agreement entered into between Fury and Dolly Varden on February 25, 2022, a copy of which has been filed on SEDAR (the “Investor Rights Agreement”).

 

 

1

 

 

5.1

Disclosure for Restructuring Transactions

 

Not applicable.

 

Item 6 

Reliance on subsection 7.1(2) of National Instrument 51–102

 

Not applicable.

 

Item 7 

Omitted Information

 

Not applicable.

 

Item 8

Executive Officer

 

Lynsey Sherry

Chief Financial Officer

Telephone: (844-601-0841)

 

Item 9

Date of Report

 

October 13, 2022.

 

 

2