AngloGold Ashanti Limited (JSE: ANG, NYSE: AU) took over the remaining 80.5% of the outstanding shares of Corvus Gold Inc. (TSX: KOR, NASDAQ: KOR) that it didn’t already own, on Tuesday January 18, 2022.
Under the terms of the arrangement, shareholders of Corvus (other than the AGA Group) will receive C$4.10 in cash per Corvus Share.
Read the official news release here: https://thevault.exchange/?get_group_doc=143/1642500833-CorvusGoldandAngloGoldAshantiannouncecompletionofacquisitionofCorvusbyAngloGoldAshanti.pdf
I previously did an interview with Corvus’ CEO. If you want to know more about Corvus’ assets, and previous goals, watch the interview here: https://resourcetalks.com/gold/corvus-gold-kor-kor/
Anglo says this will add production to their bottom line, as soon as 2025.
AngloGold Buys Corvus Gold
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