- Corvus Gold Inc. (KOR) completes its transaction with AngloGold Ashanti Holdings plc.
- AngloGold Ashanti acquired the remaining 80.5 per cent of the outstanding common shares of Corvus
- Corvus will receive $4.10 in cash per share
- AngloGold Ashanti intends to delist Corvus from the TSX by January 28
- Corvus Gold Inc. (KOR) is up 0.12 per cent and is trading at $4.09 per share as of 3:32 p.m. EST
Corvus Gold (KOR) has completed its previously announced transaction with AngloGold Ashanti Holdings plc.
AngloGold Ashanti acquired the remaining 80.5 per cent of the outstanding common shares of Corvus not already owned by AngloGold Ashanti and its affiliates.
The arrangement was approved by Corvus shareholders and option holders at a special meeting held on January 6.
Corvus will receive $4.10 in cash per share sold.
Jeffrey Pontius, President and CEO of Corvus, commented,
“ AngloGold Ashanti’s long history of success and responsible exploration, development, mine building and operations will further augment the exceptional discoveries at the North Bullfrog and Mother Lode projects.”
Pontius adds that the transaction achieves the company’s goal of value creation for shareholders.
AngloGold Ashanti intends to delist Corvus from the TSX by January 28.
Trading in Corvus’ shares will be suspended on the NASDAQ on January 18.
Corvus Gold Inc. (KOR) is up 0.12 per cent and is trading at $4.09 per share as of 3:32 p.m. EST.
