- Corvus Gold (KOR) has received an unsolicited, non-binding proposal from AngloGold Ashanti Limited
- AngloGold would acquire all issued and outstanding Corvus shares for C$4.00 per share, payable in cash
- Management and the Board of Directors are reviewing the proposal
- Corvus controls 100% of its North Bullfrog Project in southern Nevada
- Corvus Gold Inc. is a North American gold exploration and development company
- Corvus Gold Inc. (KOR) is up 20.92 per cent, trading at C$3.93 per share at 1:16 pm ET
Corvus Gold (KOR) has received an unsolicited, non-binding proposal from AngloGold Ashanti Limited for the acquisition of Corvus Gold Inc.
Under the terms of the proposal, AngloGold would acquire all issued and outstanding Corvus shares for C$4.00 per share, payable in cash.
Management and the Board of Directors are reviewing the proposal and have no further comment at this time. Shareholders are not required to take any action at this time.
Corvus controls 100% of its North Bullfrog Project, which covers approximately 90.5 km2 in southern Nevada. The property package is made up of a number of private mineral leases of patented federal mining claims and 1,134 federal unpatented mining claims. The project has excellent infrastructure, being adjacent to a major highway and power corridor as well as a large water right. The Company also controls 445 federal unpatented mining claims on the Mother Lode project which totals approximately 36.5 km2 which it owns 100%.
The total Corvus 100% land ownership now covers over 127 km2, hosting two major new Nevada gold discoveries.
Corvus Gold Inc. is a Canadian mineral exploration company focused on its near-term gold-silver mining project at the North Bullfrog and Mother Lode Districts in Nevada.
The company also controls a number of royalties on other North American exploration properties representing a spectrum of gold, silver and copper projects.
Corvus Gold Inc. (KOR) is up 20.92 per cent, trading at C$3.93 per share at 1:16 pm ET.
