Evolution Red Lake News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Ontario Mine Rescue regional competitions for the Red Lake and Thunder Bay districts take place Thursday at the NorWest Arena.

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 Battle North’s last close and a 54% premium to the company’s 20-day weighted average price. Sign...

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 Battle North president and CEO George Ogilvie, the offer from Evolution offers a premium to shareholders ...