Corvus Gold Inc. (TSX:KOR, OTCQX:CORVF) announced 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.
Corvus Gold CEO, Jeffrey Pontius, stated:
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.
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