AngloGold Ashanti's $570-million acquisition of Corvus

On January 18, 2022, Corvus Gold Inc. and AngloGold Ashanti Limited completed a plan of arrangement under the Business Corporations Act (British Columbia) pursuant to which AngloGold Ashanti acquired the remaining 80.5 per cent of Corvus common shares not already owned by AngloGold Ashanti (and its subsidiaries) at a price of $4.10 per common share in cash. The acquisition of the remaining 80.5 per cent raised the total equity value of Corvus shares to $570 million.