Fury Gold Mines completes acquisition of Quebec Precious Metals

Fury Gold Mines Limited announced the completion of its acquisition of Quebec Precious Metals Corporation (QPM). Pursuant to a plan of arrangement approved by the Canadian court, Fury has acquired all of the common shares of QPM.

Former QPM shareholders received 0.0741 Fury shares for each QPM share held. A total of 8,394,137 Fury shares were issued. QPM options and warrants can now be exercised into Fury shares at the same exchange ratio.

The acquisition expands Fury's presence in Quebec, adding significant gold and critical mineral exploration assets, including the Sakami, Elmer East and Kipawa projects, and brings its portfolio to over 157,000 hectares. QPM's shares will be delisted from the TSX and the Frankfurt Stock Exchange.