Once upon a midnight dreary, Corvus Gold (KOR) spells out reality for retail

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Title : Once upon a midnight dreary, Corvus Gold (KOR) spells out reality for retail
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Once upon a midnight dreary, Corvus Gold (KOR) spells out reality for retail

Late last night (though not the stroke of midnight) Corvus Gold (KOR.to) gave us this piece of jolly news:
Vancouver, B.C. Corvus Gold Inc. (“Corvus” or the “Company”) – (TSX: KOR, OTCQX: CORVF) is pleased to announce that it has entered into an agreement with BMO Capital Markets, as sole underwriter, under which BMO Capital Markets has agreed to buy on a bought deal basis 10,000,000 common shares of the Company (the “Common Shares”), at a price of C$2.00 per Common Share for gross proceeds to the Company of approximately C$20 million (the “Offering”). No warrants were issued in conjunction with the financing. Continues here
Which did this to the stock price at the open today:



IKN therefore takes it upon itself to remind readers of a couple of cultural footnotes, plus some practical trading advice. Firstly, Corvus is the Latin word for raven, which is noted as a harbinger of ill-luck and a symbol of regret, loss and death. Secondly, that old refrain heard perhaps once or twice a year in the boardrooms of the majority of junior explorecos: "Retail? If they can't take a joke, fuck 'em." Lastly, that piece of advice: Before you start waving people into a junior this Northern hemisphere autumn, take a long hard stare at its cash position. Quoth the raven, "nevermore".


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