Augustus Minerals Ord Shs AUG

FURY should swiftly garner institutional support.

[tamari]

U.S. entities will also have a jump on Canadian firms due to the Thanksgiving holiday. 
In at least one of the company interviews management did mention Canadian entities were very interested in the $23MM funding but were prohibited from participating due to restrictions (e.g. multi-jurisdictional assets); that barrier has been removed.

Fury Gold Mines is now structured to make it possible for those institutional investors to participate as well as very easy to formulate their buy decisions because the company is focused on Canadian high grade gold, while the next Au upleg appears to be unfolding right now.  Expectation is there will be increased competition among institutions to acquire stakes in Fury or add to their holdings.

Reminder from the Proxy Circular:

• Improved Capital Markets Scale: The Reorganization Arrangement is expected to elevate Fury Gold within its peer group as a result of an expanded asset portfolio and an increased market presence, which should result in a broader appeal to the institutional shareholder base, increased research coverage and improved trading liquidity.