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VANCOUVER, British Columbia, Jan. 07, 2022 (GLOBE NEWSWIRE) — Corvus Gold Inc. (“Corvus” or the “Firm”) – (TSX: KOR, NASDAQ: KOR) publicizes 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 situations 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 Court docket of British Columbia, and the profitable completion of the transaction. Following the completion of the Association, the Firm will grow to be a wholly-owned oblique subsidiary of AngloGold Ashanti Restricted. The Firm has submitted a discover to NASDAQ relating to its intention to delist, and, following closing of the Association, will file with the Securities and Change Fee (the “SEC”) a Type 25 referring to the delisting of its widespread shares on or about January 18, 2022. The Firm expects the delisting of its peculiar shares to grow to be 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 Type 15 with the SEC to terminate the registration of its widespread 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 studies with the SEC might be suspended instantly upon the submitting of the Type 15. The Firm reserves the appropriate to delay the submitting of the Type 25 or Type 15 or withdraw both kind for any purpose 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 relating to the Association is on the market 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 Type 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, targeted on its close to time period gold-silver mining mission on the North Bullfrog and Mom Lode Districts in Nevada. Corvus is dedicated to constructing shareholder worth via new discoveries and the growth of its initiatives to maximise share value 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 Govt Officer
Contact Info: | Ryan Ko Investor Relations E-mail: information@corvusgold.com Telephone: 1-844-638-3246 (toll free) or (604) 638-3246 |
Ahead-Wanting Statements
Sure statements and knowledge contained herein are usually not based mostly on historic information and represent “forward-looking info” throughout the which means of Canadian securities legal guidelines and “forward-looking statements” throughout the which 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 Court docket 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 USA. Ahead-looking info is supplied to assist readers perceive Corvus’ views of its quick and long run prospects, and may usually be recognized by phrases and phrases concerning the future corresponding to “outlook”, “might”, “estimates”, “intends”, “believes”, “plans”, “anticipates” and “expects”. Ahead-looking info 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 is probably not acceptable for different functions. Corvus assumes no obligation to replace or revise forward-looking info contained herein, until 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 relating to the flexibility of Corvus to obtain, in a well timed method and on passable phrases, the required court docket and regulatory approvals; and the flexibility of the events to fulfill in a well timed method the situations to the closing of the Association. Though the Firm’s administration believes that the assumptions made and the expectations represented by such statements are cheap, there could 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 could be no assurance that they’ll have the anticipated penalties or results. Components which might trigger precise outcomes to vary materially from present expectations embrace: modifications within the value of gold and silver; normal enterprise, financial, aggressive, political, regulatory and social uncertainties; dangers referring to will increase in working prices and associated inflationary pressures; the chance elements in any other case described within the Round; and the dangers set forth below “Danger Components” within the Firm’s Annual Report on Type 10-Okay for the yr ended Could 31, 2021 and the Quarterly Report on Type 10-Q for the interval ended August 31, 2021. Readers are cautioned to not place undue reliance on forward-looking info because of the inherent uncertainty thereof.
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