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Evolution to acquire Battle North in $274m all-cash deal

Evolution to acquire Battle North in $274m all-cash deal Bateman gold project. Image from Battle North Gold. Australia-based producer Evolution Mining (ASX: EVN) is acquiring Red Lake-focused gold developer Battle North Gold (TSX: BNAU) in a C$343-million ($274m), C$2.65 a share, all-cash deal. The two companies have entered into a definitive arrangement agreement with Evolution to acquire all of the Battle North shares outstanding. The C$343-million cash offer represents a 46% premium to ...
Red Lake United Kingdom Jake Klein Brian Quast Andrew Mikitchook George Ogilvie
Source: mining.com

Evolution to acquire Battle North in $343M all-cash deal - Canadian Mining Journal

Australia-based producer Evolution Mining (ASX: EVN) is acquiring Red Lake-focused gold developer Battle North Gold (TSX: BNAU) in a $343-million, $2.65 a share, all-cash deal. The two companies have entered into a definitive arrangement agreement with Evolution agreeing to acquire all of the Battle North shares outstanding. The $343-million cash offer represents a 46% premium to Battle North’s last close and a 54% premium to the company’s 20-day weighted average price. According to Battl...
Red Lake Western Australia Jake Klein Brian Quast Andrew Mikitchook George Ogilvie

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