VANCOUVER, April 8, 2013 /CNW/ - AngloGold Ashanti (U.S.A.) Exploration Inc.("AngloGold U.S.A."), a wholly-owned subsidiary of AngloGold Ashanti Limited, is pleased to announce that it has acquired ownership of 3,450,000 common shares in Corvus Gold Inc. ("Corvus").
The 3,450,000 common shares acquired by AngloGold U.S.A. represent approximately 5.3% of the outstanding common shares of Corvus.
After the transaction, AngloGold U.S.A. owns 8,698,876 common shares in the capital of Corvus. The 8,698,876 common shares owned by AngloGold U.S.A. represent approximately 13.4% of the outstanding common shares in the capital of Corvus.
The common shares were issued from treasury of Corvus for cash at a per common share price of Cdn$0.87.
AngloGold U.S.A. acquired the common shares for investment purposes only and may, depending upon market and other conditions, increase or decrease its beneficial ownership, control or direction over, or exercise its current rights to acquire, common shares or other units of Corvus through market transactions, private agreements or otherwise.
AngloGold U.S.A. has relied on section 2.10 of National Instrument 45-106 - Prospectus and Registration Exemptions, as the acquisition cost to AngloGold U.S.A. was not less than $150,000 paid in cash at the time of the acquisition.
SOURCE: AngloGold Ashanti (U.S.A.) Exploration Inc.