Fury Completes Form 40-F Filing

Rhea-AI Summary

Fury Gold Mines Limited (TSX:FURY, NYSE American:FURY) has filed its 2021 annual report on Form 40-F with the SEC. This includes its annual information form, management discussion, and audited financial statements for the year ending December 31, 2021. Notably, the independent auditor's report highlighted a going concern emphasis, relating to the company’s working capital and accumulated deficit as of the end of 2021. This financial uncertainty raises concerns for investors about Fury's future viability.

Positive

• None.

Negative

• Going concern emphasis in the independent audit report raises financial stability concerns.
• Working capital issues reported as of December 31, 2021.
• Accumulated deficit noted, which may affect future operations.

VANCOUVER, BC / ACCESSWIRE / March 23, 2022 / Fury Gold Mines Limited (TSX:FURY),(NYSE American:Fury) ("Fury" or the "Company") reports that it has filed its 2021 annual report on Form 40-F with the United States Securities and Exchange Commission. The Form 40-F includes Fury's annual information form, management discussion and analysis and audited financial statements for the year ended December 31, 2021. As required by Section 610(b) of the NYSE American Company Guide, the Company notes that the audit report from its independent registered public accounting firm included a going concern emphasis of matter that was attributable to the Company's working capital and accumulated deficit as at December 31, 2021.

On Behalf of the Board,
Tim Clark
CEO and Director

For further information on Fury Gold Mines Limited, please contact:
Margaux Villalpando
Tel: (778) 729-0600
Email: info@furygoldmines.com
Website: www.furygoldmines.com

About Fury Gold Mines Limited
Fury Gold Mines Limited is a Canadian-focused exploration company positioned in two prolific mining regions across the country. Led by a management team and board of directors with proven success in financing and advancing exploration assets, Fury intends to grow its multi-million-ounce gold platform through rigorous project evaluation and exploration excellence. Fury is committed to upholding the highest industry standards for corporate governance, environmental stewardship, community engagement and sustainable mining. For more information on Fury Gold Mines, visit www.furygoldmines.com.

No regulatory organization has approved the contents hereof.

SOURCE: Fury Gold Mines

View source version on accesswire.com:
https://www.accesswire.com/694432/Fury-Completes-Form-40-F-Filing

FAQ

What is included in Fury Gold Mines' 2021 annual report?

Fury Gold Mines' 2021 annual report includes its annual information form, management discussion, and audited financial statements.

Has Fury Gold Mines reported any financial concerns?

Yes, the independent audit report included a going concern emphasis due to working capital and accumulated deficit issues.

When was Fury Gold Mines' annual report filed?

Fury Gold Mines filed its 2021 annual report on Form 40-F on March 23, 2022.

What stock exchanges is Fury Gold Mines listed on?

Fury Gold Mines is listed on the TSX and NYSE American under the ticker symbol FURY.