10:41:58 EDT Thu 28 May 2020
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Corvus Gold Inc
Symbol KOR
Shares Issued 112,462,845
Close 2019-10-09 C$ 1.98
Recent Sedar Documents

Corvus Gold closes $23-million bought deal

2019-10-10 08:59 ET - News Release

Mr. Jeffrey Pontius reports


Corvus Gold Inc. has closed its previously announced bought deal financing, including the exercise in full of the underwriters' overallotment option. A total of 11.5 million common shares of Corvus were sold at a price of $2 per share, for aggregate gross proceeds to the company of $23-million. No warrants were issued in relation to this financing. The offering was arranged by the sole underwriter, BMO Capital Markets. AngloGold Ashanti (USA) Inc. participated in the offering on a pro rata basis to maintain ownership of 19.9 per cent of the issued and outstanding shares of Corvus. Approximately 80 per cent of the offering went to European and U.S. institutions.

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 filed 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 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, in connection with the offering to which this communication relates. The offering documents contain important detailed information about the offering.

Copies of the offering documents are available for free by visiting the company's profiles on SEDAR or EDGAR.

About Corvus Gold Inc.

Corvus Gold is a North American gold exploration and development company, focused on its near-term gold-silver mining project at the North Bullfrog and Mother Lode districts in Nevada.

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