TSX: KOR OTCQX: CORVF
VANCOUVER, March 11, 2016 /PRNewswire/ - Corvus Gold
Inc. ("Corvus" or the "Company") - (TSX: KOR, OTCQX: CORVF)
announces the closing of a CAD $3,430,000 non-brokered private placement at CAD
$0.70 per share. Under the terms of
the agreement, the company issued 4,900,000 common shares with no
warrant. The participants in the private placement include
Tocqueville Gold Fund and AngloGold Ashanti (U.S.A.) Exploration, Inc.
Jeffrey Pontius, Corvus CEO
states "Both Tocqueville and AngloGold have been strong supporters
of Corvus from its inception and we are very pleased with their
continued support of the company and our work to bring increased
value to our shareholders. This financing has put Corvus in a
strong position to continue our proposed exploration on the
project. Driven by the results from the Company's recent
North Bullfrog PEA study and new exploration discoveries, Corvus
believes it is well-positioned for what it believes could be a new
Nevada high-grade gold
District."
The Company has determined that there are exemptions available
from the various requirements of Multilateral Instrument 61-101 for
minority approval and formal valuations for the issuance of any
securities to insiders. There is no change of control, as a result
of the Offering.
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.
On behalf of
CORVUS GOLD INC.
(signed) Jeffrey A.
Pontius
Jeffrey A.
Pontius,
Chairman and Chief Executive Officer
Cautionary Note Regarding Forward-Looking
Statements
This news release contains forward-looking statements and
forward-looking information (collectively, "forward-looking
statements") within the meaning of applicable Canadian and US
securities legislation. All statements, other than statements of
historical fact, included herein including, without limitation,
statements regarding the proposed use of the proceeds of the
private placement by the Company are forward-looking statements.
Although the Company believes that such statements are reasonable,
it can give no assurance that such expectations will prove to be
correct. Forward-looking statements are typically identified by
words such as: believe, expect, anticipate, intend, estimate,
postulate and similar expressions, or are those, which, by their
nature, refer to future events. The Company cautions investors that
any forward-looking statements by the Company are not guarantees of
future results or performance, and that actual results may differ
materially from those in forward-looking statements as a result of
various factors, including, but not limited to, those risks and
uncertainties disclosed in the Company's latest interim Management
Discussion and Analysis filed with certain securities commissions
in Canada and other information
released by the Company and filed with the appropriate regulatory
agencies. All of the Company's Canadian public disclosure filings
may be accessed via www.sedar.com and readers are
urged to review these materials, including the technical reports
filed with respect to the Company's mineral properties.
This news release is not, and is not to be construed in any
way as, an offer to buy or sell securities in the United States.
SOURCE Corvus Gold Inc.