Corvus Gold ULC (KOR) Form 4 Corvus Gold / Carl Brechtel ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Brechtel Carl

(Last) (First) (Middle)

C/O CORVUS GOLD INC.

700 WEST PENDER STREET, SUITE 1750

(Street)

VANCOUVER A1 V6C 1G8

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Corvus Gold Inc. [ CORVF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chief Operating Officer (COO)

3. Date of Earliest Transaction (Month/Day/Year)
10/15/2020

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	10/15/2020		M		45,000	A	$0.35(1)	300,000	D
Common Shares	10/15/2020		M		125,000	A	$0.37(2)	425,000	D
Common Shares	10/15/2020		S		78,900	D	$2.63(3)	346,100	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$0.35(1)	10/15/2020		M			45,000	(4)	09/09/2020	Common Shares	45,000	$0	0	D
Stock Option (Right to Buy)	$0.37(2)	10/15/2020		M			125,000	(5)	11/13/2020	Common Shares	125,000	$0	0	D

Explanation of Responses:

1. The exercise price reported above was converted from the Canadian exercise price of C$0.46 using an exchange rate of C$1.3230 = US$1.00.

2. The exercise price above was converted from the Canadian exercise price of C$0.49 using an exchange rate of C$1.3230 = US$1.00.

3. The price reported in Column 4 is an average weighted price. These shares were sold in multiple transactions ranging from C$3.10 to C$3.70, inclusive. The reporting person undertakes to provide to Corvus Gold Inc., any security holder of Corvus Gold Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The weighted average price reported above was converted from the Canadian weighted average price of $3.48, using an exchange rate of C$1.3230 = US$1.00.

4. The options were granted on September 9, 2015, and were fully vested on September 9, 2017. The expiration date was extended as a result of a black-out period.

5. The options were granted on November 13, 2015, and were fully vested on November 13, 2017.

Remarks:

Exhibit 24.1 Power of Attorney

	Marla Ritchie as attorney-in-fact for Carl Brechtel	10/19/2020
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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