VANCOUVER, British Columbia, January 07, 2022 (GLOBE NEWSWIRE) – Corvus Gold Inc. (“Corvus & CloseCurlyDoubleQuote; or the“ Company & CloseCurlyDoubleQuote;) – (TSX: KOR, NASDAQ: KOR) announces that it has informed NASDAQ of its intention to voluntarily withdraw all of its securities from the Nasdaq Capital Market (“NASDAQ & CloseCurlyDoubleQuote;), assuming that the closing conditions of the previously announced plan of arrangement (the” Arrangement & CloseCurlyDoubleQuote;) between Corvus, 1323606 BC Unlimited Liability Company and AngloGold Ashanti Holdings plc., Including the approval of the Arrangement by the Supreme Court of British Columbia and obtaining its final order, and the successful completion of the transaction. Following completion of the Arrangement, the Company will become an indirect wholly-owned subsidiary of AngloGold Ashanti Limited. The Company has submitted a notice to NASDAQ regarding its intention to delist and, following the closing of the Arrangement, will file with the Securities and Exchange Commission (the “SEC & CloseCurlyDoubleQuote”) a Form 25 relating to the delisting. ordinary shares on or around January 18, 2022. The Company expects the delisting of its ordinary shares to become effective  days after filing, or January 28, 2022. The expected effective date may be delayed if the SEC delays the effective date of the delisting request for other reasons. In conjunction with the delisting from NASDAQ, the Company intends to file a Form 15 with the SEC to terminate the registration of its common shares under the US Securities and Exchange Act of 1934, as amended (the ” Exchange Act & CloseCurlyDoubleQuote;) and to suspend its reporting obligations with the SEC. The Company expects that its obligation to file reports with the SEC will be suspended immediately after the filing of Form 15. The Company reserves the right to delay the filing of Form 25 or Form 15 or to withdraw the either form for whatever reason before they are effective.
As previously reported, Corvus shareholders and option holders voted overwhelmingly in favor of the resolution approving the arrangement at the company’s special meeting on January 6, 2022. Further information regarding the Arrangement are available in the Company’s Proxy Circular / Management Information Circular (the “” Circular “) dated November 25, 2021, and the results of the Arrangement voting are available on Form 8 -K filed January 7, 2022, which are available under Corvus & CloseCurlyQuote; profile on SEDAR and EDGAR.
About Corvus Gold Inc.
Corvus Gold Inc. is a North American gold exploration and development company focused on its near-term gold and silver mining project in the North Bullfrog and Mother Lode districts of Nevada. Corvus is committed to creating shareholder value through new discoveries and the expansion of its projects to maximize leverage on stock prices in a gold and silver market in progress.
On behalf of
Corvus Gold Inc.
(sign) Jeffrey A. Pontius
Jeffrey A. Pontius,
President and CEO
|Contact details:||Ryan kb
Email: [email protected]
Phone: 1-844-638-3246 (toll free) or (604) 638-3246
Certain statements and information contained herein are not based on historical fact and constitute “forward-looking information & CloseCurlyDoubleQuote; within the meaning of Canadian securities laws and “forward-looking statements & CloseCurlyDoubleQuote; within the meaning of United States securities laws (collectively, “forward-looking information & CloseCurlyDoubleQuote;). This forward-looking information includes the expected time of Corvus’ application for a final order in the British Columbia Supreme Court, the expected time of closing and the expected time for delisting from TSX and NASDAQ and ceasing. to be a reporting issuer in Canada and the United States. Forward-looking information is provided to help readers understand Corvus’ views from its short- and long-term outlook, and can generally be identified by forward-looking words and phrases such as “outlook & CloseCurlyDoubleQuote ;,” may & CloseCurlyDoubleQuote;, ” estimates & CloseCurlyDoubleQuote;, “intends & CloseCurlyDoubleQuote;,” believes & CloseCurlyDoubleQuote; “QuoseCurlyDoubleQuote; and “wait & CloseCurlyDoubleQuote;. Forward-looking information does not constitute a promise or guarantee of future performance; it represents Corvus & CloseCurlyQuote; current opinions and actual results may differ materially from those of forward-looking information. Readers are cautioned that forward-looking information may not be appropriate for other purposes. Corvus assumes no obligation to update or revise any forward-looking information contained in this document, except as required by securities laws. The forward-looking information contained in this document is based on a number of assumptions which could prove to be materially inaccurate. These assumptions include: assumptions regarding Corvus’ ability to receive, on a timely basis and on satisfactory terms, necessary legal and regulatory approvals; and the ability of the parties to meet the terms of the arrangement closing on a timely basis. Although the management of the Company believes that the assumptions made and the expectations represented by these statements are reasonable, there can be no assurance that the forward-looking information contained herein will prove to be correct. Actual results and developments may differ materially from those expressed or implied by forward-looking information contained in this document and even if these actual results and developments are achieved or substantially achieved, there can be no assurance that they will have the consequences or effects. expected. Factors that could cause actual results to differ materially from current expectations include: changes in the price of gold and silver; general business, economic, competitive, political, regulatory and social uncertainties; risks associated with increases in operating costs and associated inflationary pressures; the risk factors otherwise described in the circular; and the risks set out under “Risk Factors & CloseCurlyDoubleQuote; in the Company’s Annual Report on Form 10-K for the fiscal year ended May 31, 2021 and the Quarterly Report on Form 10-Q for the period ending August 31, 2021. Readers are urged not to place undue reliance on information due to inherent uncertainty.