Tocqueville Asset Management, L.P. Announces Acquisition of Common Shares of
Corvus Gold Inc.
TORONTO, Oct 8 /CNW/ - Tocqueville Asset Management, L.P. (the "Offeror"), the investment
adviser of a number of investment funds and managed accounts of private clients and institutional groups
(collectively, the "Accounts"), announces that on August 26, 2010, the Offeror, on behalf of one or more
Accounts, acquired ownership of an aggregate of 3,728,330 common shares (the "Common Shares") of
Corvus Gold Inc. (the "Issuer") as a result of the completion of a spin-out transaction by International
Tower Hill Mines Ltd. ("ITH") which segregated ITH's assets into two separate companies, ITH and the
Issuer, by way of a statutory plan of arrangement (the "Transaction"). Pursuant to the terms of the
Transaction, shareholders of ITH exchanged their existing common shares of ITH for one common share
of ITH and ITH distributed the Common Shares to the shareholders on the basis of one-half of one
Common Share for each common share of ITH held. The Common Shares were listed on the Toronto
Stock Exchange (the "TSX") on August 30, 2010 under the symbol "KOR".
Immediately after the completion of the Transaction and the listing of the Common Shares on the TSX,
the Offeror, on behalf of one or more Accounts, had authority to exercise control or direction over an
aggregate of 3,728,330 Common Shares, representing 11.09% of the issued and outstanding Common
Shares as at August 30, 2010.
The Offeror, on behalf of one or more Accounts, made several acquisitions and dispositions of Common
Shares on the open market through the facilities of the TSX after the date of the transaction or occurrence
giving rise to the reporting obligation. After giving effect to all acquisitions and dispositions of Common
Shares up to September 30, 2010, the Offeror, on behalf of one or more Accounts, now has authority to
exercise control or direction over an aggregate of 3,566,431 Common Shares, representing 10.61% of the
issued and outstanding Common Shares as at September 30, 2010.
The Common Shares acquired by the Offeror, on behalf of one or more of the Accounts, are held for
investment purposes. These investments will be reviewed on a continuing basis by the Offeror and such
holdings may be increased or decreased in the future. The Offeror, on behalf of one or more of the
Accounts, may in the future acquire or dispose of the Common Shares and other securities of the Issuer
through the open market, privately or otherwise, as circumstances or market conditions warrant.
The Offeror has filed an early warning report pursuant to National Instrument 62-103 The Early Warning
System and Related Take-Over Bid and Insider Reporting Issues describing the above transaction with
applicable securities regulatory authorities, a copy of which shall be sent promptly to anyone who
requests it from the representative of the Offeror noted below.
John P. Cassidy
Treasurer
Tocqueville Asset Management, L.P.
40 West 57th Street, 19th Floor
New York, New York 10019 U.S.A.
Telephone: (212) 698-0800
For further information:
John P. Cassidy
Treasurer
Tocqueville Asset Management, L.P.
40 West 57th Street, 19th Floor
New York, New York 10019 U.S.A.
Telephone: (212) 698-0800
Share this article