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

Role
Former Director and CFO
Signature
/s/ Marla Ritchie as attorney-in-fact for Peggy Wu
Stock symbol
KOR
Transactions as of
Jan 18, 2022
Transactions value $
$0
Form type
4
Date filed
1/19/2022, 03:01 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KOR Common Shares Disposed to Issuer -371K -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 -100K -100% 0 Jan 18, 2022 Common Stock 100K $1.57 Direct F4, F5, F6
transaction KOR Stock Option (Right to Buy) Disposed to Issuer -100K -100% 0 Jan 18, 2022 Common Stock 100K $1.64 Direct F4, F7, F8
transaction KOR Stock Option (Right to Buy) Disposed to Issuer -300K -100% 0 Jan 18, 2022 Common Stock 300K $1.56 Direct F4, F9, F10
transaction KOR Stock Option (Right to Buy) Disposed to Issuer -200K -100% 0 Jan 18, 2022 Common Stock 200K $0.62 Direct F4, F11, F12
transaction KOR Stock Option (Right to Buy) Disposed to Issuer -100K -100% 0 Jan 18, 2022 Common Stock 100K $0.91 Direct F4, F13, F14, F15
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Peggy Wu 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, 2022.
F9 As previously reported, the exercise price reported above was converted from the Canadian exercise price of C$2.06 using an exchange rate of C$1.3182=US$1.00.
F10 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.
F11 As previously reported, the exercise price was converted from C$0.77 based on the July 31, 2017 noon rate as quoted by the Bank of Canada to US$0.617. The exercise price is the actual Canadian dollar amount regardless of the exchange rate on the date of exercise.
F12 Options were granted on July 31, 2017 and vest as follows: one-third on July 31, 2018, one-third on July 31, 2019 and one-third on July 31, 2020.
F13 As previously reported, expressed in Canadian dollars.
F14 Options were granted on September 15, 2016 and vest as follows: one-third on the grant date, one-third on September 15, 2017 and one-third on September 15, 2018.
F15 Expiration date extended indefinitely due to current trading blackout in relation to the Arrangement.