StockNews.AI
FURY
StockNews.AI
113 days

Fury Gold Mines Completes Acquisition of Quebec Precious Metals Corporation

1. Fury completed acquisition of Québec Precious Metals with a court-approved arrangement. 2. QPM shareholders received 0.0741 Fury shares for each QPM share held.

M&A
+0.28%Current Return
VS
+0.63%S&P 500
$0.389904/28 07:48 PM EDTEvent Start
$0.39104/30 02:30 AM EDTLatest Updated
2m saved
Insight
Article

FAQ

Why Bullish?

Acquisitions typically signal growth potential. Historical precedents show positive price movements post-acquisition.

How important is it?

The acquisition can increase Fury's market appeal and resource base, attracting investors.

Why Long Term?

The integration of QPM will enhance Fury's mineral holdings, benefitting future operations.

Related Companies

QPM
MONTREAL, QC AND TORONTO, ON / ACCESS Newswire / April 28, 2025 / FURY GOLD MINES LIMITED (TSX:FURY)(NYSE American:FURY) ("Fury") is pleased to announce the successful completion of its previously announced transaction with Québec Precious Metals Corporation ("QPM"), previously announced on February 26, 2025, whereby Fury acquired all of the issued and outstanding common shares of QPM (the "QPM Shares") pursuant to a court-approved plan of arrangement under the Canada Business Corporations Act (the "Arrangement"). Pursuant to the Arrangement, former shareholders of QPM received 0.0741 of a common share of Fury (each whole common share of Fury, a "Fury Share") for each QPM Share held (the "Exchange Ratio").

Related News