Gold

OTCQX:CORVF

Corvus Gold Inc. (TSX:KOR, OTCQX:CORVF) announced today the closing of a CAD $2,000,000 non-brokered private placement.

Corvus Gold Inc. (TSX:KOR, OTCQX:CORVF) announced today the closing of a CAD $2,000,000 non-brokered private placement.
As quoted in the press release:

Corvus Gold Inc. (“Corvus” or the “Company”) – (TSX: KOR, OTCQX: CORVF) announces the closing of a CAD $2,000,000 non-brokered private placement priced at market based on the 5-day volume weighted average price ending August 28, 2015 of CAD $0.47. Under the terms of the agreement, the Company issued 4,255,320 common shares with no warrant and with a 6-month hold period to Resource Capital Fund VI L.P. (“Resource Capital Fund VI”), representing approximately 5% of the Company’s outstanding common shares. With the completion of this financing, Resource Capital Fund VI joins the growing list of other major long-company long-gold Corvus shareholders.

Corvus Gold CEO, Jeff Pontius, stated:

Bringing Resource Capital Fund VI into the Corvus family of major long-term investors is a significant accomplishment as it continues to build the depth of our shareholder base. In addition the vote of confidence that this brings to the Company and its projects is substantial, particularly in the challenging markets that junior explorers face today. The proceeds from this financing will give the Company added flexibility to act decisively on exploration success from its ongoing drilling program well into 2016. Driven by the strong results from the Company’s recent North Bullfrog PEA study and new exploration discoveries in the large and untested Eastern portion of the North Bullfrog area, Corvus is rapidly building what could be a new Nevada high-grade gold District.

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