Mr. Jeffrey Pontius reports
CORVUS GOLD INC. ANNOUNCES C$20 MILLION BOUGHT DEAL FINANCING
Corvus Gold Inc. has entered into an agreement with BMO Capital Markets Corp., as sole underwriter, under which BMO Capital Markets has agreed to buy, on a bought deal basis, 10 million common shares of the company at a price of $2 per common share for gross proceeds to the company of approximately $20-million.
The company has granted BMO Capital Markets an option, exercisable in whole or in part, at the offering price for a period of 30 days following the closing of the offering to purchase up to an additional 15 per cent of the common shares sold under the offering to cover overallotments, if any, and for market stabilization purposes. The offering is expected to close on or about Oct. 9, 2019, and is subject to Corvus receiving all necessary regulatory approvals, including the approval of the Toronto Stock Exchange.
The company intends to use the net proceeds of the offering: (i) for exploration expenditures at the company's North Bullfrog and Mother Lode properties; and (ii) for corporate general and administrative expenses, land and permits.
The company will file a prospectus supplement with the securities commissions in each of the provinces of British Columbia, Alberta and Ontario to supplement the company's Canadian short form base shelf prospectus dated Feb. 15, 2019, and the company will file a prospectus supplement to the company's base shelf prospectus contained in the company's registration statement on Form S-3, effective Feb. 19, 2019, with the United States Securities and Exchange Commission (SEC), in connection with the offering for which this communication relates. The offering documents will contain important detailed information about the securities being offered.
Before you invest, you should read the offering documents and other documents that the company has filed with the SEC and Canadian securities regulators for more complete information about the company and the offering. Copies of the underwriting agreement and the offering documents will be available for free by visiting the company's profiles on SEDAR and EDGAR, as applicable.
Alternatively, a copy of the offering documents can be obtained by contacting BMO Capital Markets, Brampton Distribution Centre, c/o The Data group of companies, 9195 Torbram Rd., Brampton, Ont., L6S 6H2, or by telephone at 905-791-3151 (extension 4312), or by e-mail at email@example.com. A copy of the prospectus supplement and base shelf prospectus relating to the offering in the United States may be obtained by contacting BMO Capital Markets, attention: equity syndicate department, 3 Times Square, 25th floor, New York, N.Y., 10036, or by telephone at 800-414-3627, or by e-mail at firstname.lastname@example.org.
About Corvus Gold Inc.
Corvus Gold is a North American gold exploration and development company that is focused on its near-term gold-silver mining project at the North Bullfrog and Mother Lode districts in Nevada. Corvus is committed to building shareholder value through new discoveries and the expansion of its projects to maximize share price leverage in an advancing gold and silver market.
We seek Safe Harbor.
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