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VANCOUVER, British Columbia, Jan. 07, 2022 (GLOBE NEWSWIRE) — Corvus Gold Inc. (“Corvus” or the “Firm”) – (TSX: KOR, NASDAQ: KOR) broadcasts that it has notified the NASDAQ of its intention to voluntarily delist all of its securities from the Nasdaq Capital Market (“NASDAQ”), assuming satisfaction of the closing circumstances of the beforehand introduced plan of association (the “Association”) between Corvus, 1323606 B.C. Limitless Legal responsibility Firm, and AngloGold Ashanti Holdings plc., together with the approval of the Association by, and the obtainment of the ultimate order from, the Supreme Courtroom of British Columbia, and the profitable completion of the transaction. Following the completion of the Association, the Firm will turn into a wholly-owned oblique subsidiary of AngloGold Ashanti Restricted. The Firm has submitted a discover to NASDAQ concerning its intention to delist, and, following closing of the Association, will file with the Securities and Change Fee (the “SEC”) a Kind 25 regarding the delisting of its frequent shares on or about January 18, 2022. The Firm expects the delisting of its strange shares to turn into efficient [10] days following the submitting, or January 28, 2022. The anticipated efficient date could also be delayed if the SEC postpones the effectiveness of the applying to delist for different causes. Concurrent with the delisting from NASDAQ, the Firm intends to file a Kind 15 with the SEC to terminate the registration of its frequent shares below the U.S. Securities and Change Act of 1934, as amended (the “Change Act”) and to droop its reporting obligations with the SEC. The Firm expects that its obligation to file stories with the SEC shall be suspended instantly upon the submitting of the Kind 15. The Firm reserves the correct to delay the submitting of the Kind 25 or Kind 15 or withdraw both type for any cause previous to their effectiveness.
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As beforehand reported, shareholders and optionholders of Corvus voted overwhelmingly in favour of the decision approving the Association on the Firm’s particular assembly on January 6, 2022. Additional info concerning the Association is obtainable within the proxy assertion/administration info round (the “Round”) of the Firm dated November 25, 2021, and the voting outcomes of the Association can be found on the Kind 8-Okay filed on January 7, 2022, which can be found below Corvus’ profile on each SEDAR and EDGAR.
About Corvus Gold Inc.
Corvus Gold Inc. is a North American gold exploration and growth firm, centered on its close to time period gold-silver mining venture on the North Bullfrog and Mom Lode Districts in Nevada. Corvus is dedicated to constructing shareholder worth by way of new discoveries and the growth of its initiatives to maximise share worth leverage in an advancing gold and silver market.
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On behalf of
Corvus Gold Inc.
(signed) Jeffrey A. Pontius
Jeffrey A. Pontius,
President & Chief Government Officer
Contact Info: | Ryan Ko Investor Relations Electronic mail: data@corvusgold.com Telephone: 1-844-638-3246 (toll free) or (604) 638-3246 |
Ahead-Trying Statements
Sure statements and data contained herein will not be primarily based on historic information and represent “forward-looking info” inside the that means of Canadian securities legal guidelines and “forward-looking statements” inside the that means of United States securities legal guidelines (collectively, “ahead trying info”). Such forward-looking info contains the anticipated timing for Corvus making use of to the Supreme Courtroom of British Columbia for the ultimate order, the anticipated timing for the closing and the anticipated timing for delisting from the TSX and the NASDAQ and ceasing to be a reporting issuer in Canada and the US. Ahead-looking info is supplied to assist readers perceive Corvus’ views of its quick and long run prospects, and might sometimes be recognized by phrases and phrases concerning the future akin to “outlook”, “might”, “estimates”, “intends”, “believes”, “plans”, “anticipates” and “expects”. Ahead-looking info just isn’t a promise or assure of future efficiency; it represents Corvus’ present views and precise outcomes might differ materially from these in forward-looking info. Readers are cautioned that forward-looking info will not be acceptable for different functions. Corvus assumes no obligation to replace or revise forward-looking info contained herein, except required to take action by securities legal guidelines. The forward-looking info contained herein is predicated on plenty of assumptions which might show to be considerably incorrect. Such assumptions embrace: assumptions concerning the power of Corvus to obtain, in a well timed method and on passable phrases, the mandatory courtroom and regulatory approvals; and the power of the events to fulfill in a well timed method the circumstances to the closing of the Association. Though the Firm’s administration believes that the assumptions made and the expectations represented by such statements are affordable, there will be no assurance that forward-looking info herein will show to be correct. Precise outcomes and developments might differ materially from these expressed or implied by the forward-looking info contained herein and even when such precise outcomes and developments are realized or considerably realized, there will be no assurance that they may have the anticipated penalties or results. Elements which might trigger precise outcomes to vary materially from present expectations embrace: adjustments within the worth of gold and silver; common enterprise, financial, aggressive, political, regulatory and social uncertainties; dangers regarding will increase in working prices and associated inflationary pressures; the danger components in any other case described within the Round; and the dangers set forth below “Threat Elements” within the Firm’s Annual Report on Kind 10-Okay for the yr ended Might 31, 2021 and the Quarterly Report on Kind 10-Q for the interval ended August 31, 2021. Readers are cautioned to not place undue reliance on forward-looking info as a result of inherent uncertainty thereof.
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