Anglo Gold Ashanti Acquires Canadian Mining Company Corvus Gold
Anglo Gold Ashanti Acquires Canadian Mining Company Corvus Gold. Canadian Mining Company Corvus Gold has announced that it has been acquired by Anglo Gold Ashanti. According to the company, shareholders voted overwhelmingly in favour of the resolution approving the previously announced plan of arrangement between Corvus and AngloGold Ashanti Holdings plc. Anglo Gold Ashanti will acquire the remaining 80.5% of the outstanding common shares of Corvus, not already owned by itself and its affiliates.
Closing of the acquisition remains subject to certain customary closing conditions, including obtaining the final order from the Supreme Court of British Columbia. Assuming the satisfaction of these closing conditions, the deal is expected to close on or around January 18, 2022. Corvus expects the common shares to be delisted from the Toronto Stock Exchange and Nasdaq Capital Markets.
Corvus Gold Inc. is a North American gold exploration and development company, focused on its near term gold-silver mining project at the North Bullfrog and Mother Lode Districts in Nevada. Corvus is committed to building shareholder value through new discoveries and the expansion of its projects to maximize share price leverage in an advancing gold and silver market.
AngloGold Ashanti Limited is a global gold mining company. It was formed in 2004 by the merger of AngloGold and the Ashanti Goldfields Corporation. It is now a global gold producer with 21 operations on four continents. The company is listed on the New York, Johannesburg, Accra, London and Australian stock exchanges, as well as the Paris and Brussels bourses.
This acquisition shows that Anglo Gold Ashanti is a company that seeks to make sure that it leaves a lasting legacy not only in its home country but it aims to reach as many places it can reach and create a lot of impact. The company seeks to become the leader in the industry and through such acquisitions it well on its on way to becoming that.
