https://www.engineeringnews.co.za

Corvus shareholders give green light for takeover by AngloGold

7th January 2022

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

TSX-listed Corvus Gold says the majority of its shareholders voted in favour of the proposed deal whereby AngloGold Ashanti intends to acquire the remaining 80.5% of shares of Corvus it does not own for about $370-million.

Pending court approvals and customary approvals, the companies expect the transaction to be effective on or around January 18, at which time Corvus will be delisted from the TSX and Nasdaq.

Corvus is developing three gold/silver projects in the Beatty district of Nevada.

The transaction will deliver a district-wide consolidation in Nevada, enabling the Beatty district to become AngloGold Ashanti’s potential Tier 1 asset.

“Placing these assets under single ownership will allow for significantly reduced capital intensity to develop the district with a phased and modular approach,” says AngloGold CEO Alberto Calderon.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Rio-Carb
Rio-Carb

Rio Carb is an OEM (Original Equipment Manufacturer) of R-C700 Chromium Carbide (CrC) alloy clad wear plates and pipes used for heavy materials...

VISIT SHOWROOM 
Industrial Nozzles & Systems (Pty) Ltd
Industrial Nozzles & Systems (Pty) Ltd

Industrial Nozzles & Systems (Pty) Ltd (Est. 2000) exclusive representative in Southern Africa for LECHLER GmbH (Est. 1879) - Europe's leading...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.059 1.053s - 140pq - 2rq
Subscribe Now