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KOR Corvis Gold Inc

3.21
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Corvis Gold Inc NASDAQ:KOR NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.21 3.05 3.26 0 01:00:00

Statement of Changes in Beneficial Ownership (4)

19/01/2022 8:59pm

Edgar (US Regulatory)


FORM 4 [X] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Brechtel Carl
2. Issuer Name and Ticker or Trading Symbol

Corvus Gold ULC [ KOR ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
_____ Officer (give title below)    __X__ Other (specify below)
Former CAO
(Last)          (First)          (Middle)

C/O CORVUS GOLD ULC, 700 WEST PENDER STREET, SUITE 1750
3. Date of Earliest Transaction (MM/DD/YYYY)

1/18/2022
(Street)

VANCOUVER, A1 V6C 1G8
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Shares 1/18/2022  D  366100 D (1)0 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (Right to Buy) $2.41 (2)1/18/2022  D     50000   (3)1/15/2026 Common Stock 50000  (4)0 D  
Stock Option (Right to Buy) $1.57 (5)1/18/2022  D     100000   (6)2/3/2025 Common Stock 100000  (4)0 D  
Stock Option (Right to Buy) $1.64 (7)1/18/2022  D     100000   (8)6/13/2024 Common Stock 100000  (4)0 D  
Stock Option (Right to Buy) $1.56 (9)1/18/2022  D     300000   (10)11/19/2023 Common Stock 300000  (4)0 D  
Stock Option (Right to Buy) $0.617 (11)1/18/2022  D     100000   (12)7/31/2022 Common Stock 100000  (4)0 D  

Explanation of Responses:
(1) Disposed of pursuant to the Arrangement Agreement and Plan of Arrangement by and between the issuer (formerly known as Corvus Gold Inc.), 1323606 B.C. Unlimited Liability Company (the "Purchaser") and AngloGold Ashanti Holdings plc (the "Guarantor") dated September 13, 2021 (the "Arrangement"), which was consummated on January 18, 2022, and pursuant to which the Purchaser acquired all of the outstanding common shares of the issuer (other than those owned by the Purchaser and its affiliates) in exchange for cash consideration of C$4.10 per share.
(2) As previously reported, exercise price reported above was converted from the Canadian exercise price of C$3.05 using an exchange rate of C$1.2654 = US$1.00.
(3) Options were granted on January 15, 2021, and vest as follows: One-third on January 15, 2022; one-third on January 15, 2023; and one-third on January 15, 2024.
(4) In connection with the Arrangement, all outstanding options to purchase common shares of the issuer as of immediately prior to the effective time of the Arrangement, were deemed unconditionally vested and exercisable, and subsequently cancelled in exchange for cash payment equal to the difference between the per share consideration of C$4.10 and the per share exercise price of such option multiplied by the number of common shares issuable pursuant to such option, less applicable withholdings.
(5) As previously reported, the exercise price reported above was converted from the Canadian exercise price of C$2.09 using an exchange rate of C$1.3275=US$1.00.
(6) Options were granted on February 3, 2020 and vest as follows: one-third on February 3, 2021, one-third on February 3, 2022 and one-third on February 3, 2023.
(7) As previously reported, the exercise price reported above was converted from the Canadian exercise price of C$2.18 using an exchange rate of C$1.3324=US$1.00.
(8) Options were granted on June 13, 2019 and vest as follows: one-third on June 13, 2020, one-third on June 13, 2021 and one-third on June 13, 2022.
(9) As previously reported, the exercise price reported above was converted from the Canadian exercise price of C$2.06 using an exchange rate of C$1.3182=US$1.00.
(10) Options were granted on November 19, 2018 and vest as follows: one-third on November 19, 2019, one-third on November 19, 2020 and one-third on November 19, 2021.
(11) As previously reported, the exercise price was converted from C$0.77 based on the July 31, 2017 noon rate as quoted by the Bank of Canada to US$0.617. The exercise price is the actual Canadian dollar amount regardless of the exchange rate on the date of exercise.
(12) Options were granted on July 31, 2017 and vest as follows: one-third on July 31, 2018, one-third on July 31, 2019 and one-third on July 31, 2020.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Brechtel Carl
C/O CORVUS GOLD ULC
700 WEST PENDER STREET, SUITE 1750
VANCOUVER, A1 V6C 1G8



Former CAO

Signatures
/s/ Marla Ritchie as attorney-in-fact for Carl Brechtel1/19/2022
**Signature of Reporting PersonDate

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