Ronald Largent - Jan 18, 2022 Form 4 Insider Report for Corvus Gold ULC (KOR)

Role
FEC and Director
Signature
/s/ Marla Ritchie as attorney-in-fact for Ronald Largent
Stock symbol
KOR
Transactions as of
Jan 18, 2022
Transactions value $
$0
Form type
4
Date filed
1/19/2022, 02:58 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KOR Common Shares Disposed to Issuer -175K -100% 0 Jan 18, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KOR Stock Option (Right to Buy) Disposed to Issuer -300K -100% 0 Jan 18, 2022 Common Stock 300K $2.41 Direct F2, F3, F4
transaction KOR Stock Option (Right to Buy) Disposed to Issuer -150K -100% 0 Jan 18, 2022 Common Stock 150K $1.57 Direct F4, F5, F6
transaction KOR Stock Option (Right to Buy) Disposed to Issuer -75K -100% 0 Jan 18, 2022 Common Stock 75K $1.64 Direct F4, F7, F8
transaction KOR Stock Option (Right to Buy) Disposed to Issuer -400K -100% 0 Jan 18, 2022 Common Stock 400K $1.53 Direct F4, F9, F10
transaction KOR Stock Option (Right to Buy) Disposed to Issuer -250K -100% 0 Jan 18, 2022 Common Stock 250K $1.56 Direct F4, F11, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Ronald Largent is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Disposed of pursuant to the Arrangement Agreement and Plan of Arrangement by and between the issuer (formerly known as Corvus Gold Inc.), 1323606 B.C. Unlimited Liability Company (the "Purchaser") and AngloGold Ashanti Holdings plc (the "Guarantor") dated September 13, 2021 (the "Arrangement"), which was consummated on January 18, 2022, and pursuant to which the Purchaser acquired all of the outstanding common shares of the issuer (other than those owned by the Purchaser and its affiliates) in exchange for cash consideration of C$4.10 per share.
F2 As previously reported, exercise price reported above was converted from the Canadian exercise price of C$3.05 using an exchange rate of C$1.2654 = US$1.00.
F3 Options were granted on January 15, 2021, and vest as follows: One-third on January 15, 2022; one-third on January 15, 2023; and one-third on January 15, 2024.
F4 In connection with the Arrangement, all outstanding options to purchase common shares of the issuer as of immediately prior to the effective time of the Arrangement, were deemed unconditionally vested and exercisable, and subsequently cancelled in exchange for cash payment equal to the difference between the per share consideration of C$4.10 and the per share exercise price of such option multiplied by the number of common shares issuable pursuant to such option, less applicable withholdings.
F5 As previously reported, the exercise price reported above was converted from the Canadian exercise price of C$2.09 using an exchange rate of C$1.3275=US$1.00.
F6 Options were granted on February 3, 2020 and vest as follows: one-third on February 3, 2021, one-third on February 3, 2022 and one-third on February 3, 2023.
F7 As previously reported, the exercise price reported above was converted from the Canadian exercise price of C$2.18 using an exchange rate of C$1.3324=US$1.00.
F8 Options were granted on June 13, 2019 and vest as follows: one-third on June 13, 2020, one-third on June 13, 2021 and one-third on June 13, 2021.
F9 As previously reported, the exercise price was converted from the Canadian price of C$2.04 to USD using an exchange rate of C$1.3316=US$1.00.
F10 Options were granted on April 9, 2019 and vest as follows: one-third on April 9, 2020, one-third on April 9, 2021 and one-third on April 9, 2022.
F11 As previously reported, the exercise price was converted from Canadian exercise price of C$2.06 using an exchange rate of C$1.3182 = US$1.00.
F12 Options were granted on November 19, 2018 and vest as follows: one-third on November 19, 2019, one-third on November 19, 2020 and one-third on November 19, 2021.