The Prospector News

Corvus Gold Announces Closing of CAD $2M Non-Brokered Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

 

 

 

 

 

Corvus Gold Inc. (TSX:KOR) (OTCQX:CORVF) announces the closing of a CAD $2,000,000 non-brokered private placement priced at market based on the 5-day volume weighted average price ending August 28, 2015 of CAD $0.47. Under the terms of the agreement, the Company issued 4,255,320 common shares with no warrant and with a 6-month hold period to Resource Capital Fund VI L.P. representing approximately 5% of the Company’s outstanding common shares.  With the completion of this financing, Resource Capital Fund VI joins the growing list of other major long-company long-gold Corvus shareholders.

 

 

Jeff Pontius, Corvus Gold CEO states “Bringing Resource Capital Fund VI into the Corvus family of major long-term investors is a significant accomplishment as it continues to build the depth of our shareholder base.  In addition the vote of confidence that this brings to the Company and its projects is substantial, particularly in the challenging markets that junior explorers face today.  The proceeds from this financing will give the Company added flexibility to act decisively on exploration success from its ongoing drilling program well into 2016.  Driven by the strong results from the Company’s recent North Bullfrog PEA study and new exploration discoveries in the large and untested Eastern portion of the North Bullfrog area, Corvus is rapidly building what could be a new Nevada high-grade gold District.”

 

 

No insiders participated in the private placement, and there is no change of control, as a result of the Offering. The hold period on the shares issued will expire on March 2, 2016.

 

 

The foregoing securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”) or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

 

 

Posted September 2, 2015

Share this news article

MORE or "UNCATEGORIZED"


First Cobalt Closes $9.8 Million Financing

First Cobalt Corp. (TSXV: FCC) (OTCQX: FTSSF) is pleased to annou... READ MORE

January 22, 2021

Endeavour Announces the Sale of its Non-Core Agbaou Mine

Endeavour Mining (TSX:EDV) (OTCQX: EDVMF) is pleased to announce ... READ MORE

January 22, 2021

Vox Completes Acquisition of Strategic North American Royalty Portfolio

Vox Royalty Corp. (TSX-V: VOX) a high growth precious metals focu... READ MORE

January 22, 2021

Star Diamond Corporation Announces Closing of $2 Million Private Placement Financing

Star Diamond Corporation (TSX: DIAM) is pleased to announce the ... READ MORE

January 22, 2021

IAMGOLD Reports Additional Positive Results from Its Resource Delineation Drilling Program on the Gosselin Zone - Côté Gold Project, Ontario

IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) is pleased to announce... READ MORE

January 22, 2021

Copyright 2021 The Prospector News