Corvus Gold Announces $2M in Stock Option Exercise Funding for the Company
Vancouver, B.C……..Corvus Gold Inc. (“Corvus” or the “Company”) - (TSX: KOR, OTCQX: CORVF) is pleased to announce the full exercise of 2,680,000 of its outstanding $0.75 options which expired on September 8, 2012.
The option exercises yielded $2,010,000 to the Company. Over 60% of the options exercised were held and management’s stake in the Company is now over 10%. The funds from these options will be used for the continued mine development work on the Company’s North Bullfrog project in Nevada.
September 11, 2012 (Source: Corvus Gold Inc.)
Disclosure: Corvus Gold is a Vulture Bargain Candidate of Interest (VBCI). Members of the GGR team are actively accumulating and may hold long positions in KOR.T or CORVF .