Anglogold Ashanti (Pty) Ltd - Jan 18, 2022 Form 4 Insider Report for Corvus Gold ULC (KOR)

Role
10%+ Owner
Signature
AngloGold Ashanti Limited, By: /s/ Kandimathie Christine Ramon, Title: Chief Financial Officer & Executive Director
Stock symbol
KOR
Transactions as of
Jan 18, 2022
Transactions value $
$334,287,264
Form type
4
Date filed
1/18/2022, 04:18 PM
Previous filing
Jul 13, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KOR Common Shares Purchase $334M +102M $3.27 0 Jan 18, 2022 (See footnote) F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Anglogold Ashanti (Pty) Ltd is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The sale price in U.S. dollars reported above was converted from the sale price expressed in Canadian dollars of C$4.10 per Common Share, using an exchange rate of C$1.2556 = US$1.00.
F2 On January 18, 2022, as part of the completion of the arrangement, 1323606 B.C. Unlimited Liability Company (the "Purchaser") acquired all of the Issuer's issued and outstanding Common Shares (other than the Common Shares already held by it). Subsequently, the Purchaser and the Issuer were amalgamated to form one corporate entity (Corvus Gold ULC), with the legal existence of the Purchaser surviving the amalgamation and the Issuer's Common Shares were canceled pursuant to a statutory plan of arrangement under the Business Corporations Act (British Columbia). AngloGold Ashanti (U.S.A.) Holdings Inc., which is the direct parent company of the Purchaser, received one common share in the authorized share structure of Corvus Gold ULC for each common share previously held by AngloGold Ashanti (U.S.A.) Holdings Inc. in the Purchaser. Corvus Gold ULC is now an indirect wholly owned subsidiary of AngloGold Ashanti Limited.
F3 Prior to their cancelation as a result of the completion of the arrangement, these Common Shares were acquired by the Purchaser, which was a direct wholly owned subsidiary of AngloGold Ashanti (U.S.A.) Holdings Inc., which is a direct wholly owned subsidiary of AngloGold Ashanti (U.S.A.) Exploration Inc., which is a direct wholly owned subsidiary of AngloGold Ashanti North America Inc., which is a direct wholly owned subsidiary of AngloGold Ashanti USA Incorporated, which is a direct wholly owned subsidiary of AngloGold Ashanti Limited. Upon completion of the arrangement, the Issuer and the Purchaser amalgamated into Corvus Gold ULC, which is an indirect wholly owned subsidiary of AngloGold Ashanti Limited. This Form 4 is being filed jointly by AngloGold Ashanti Limited and the Purchaser (which became Corvus Gold ULC as a result of the amalgamation) (together, the "Reporting Persons").