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Battle North Gold Corporation (BNAUF) has completed its plan of arrangement with Evolution Mining Limited (ASX: EVN), whereby Evolution acquired all common shares of Battle North for C$2.65 per share. Following this acquisition, Battle North will become an indirect wholly-owned subsidiary of Evolution, and shares are expected to be delisted from the Toronto Stock Exchange around May 20, 2021. The company will also apply to cease being a reporting issuer under Canadian laws, concluding its public reporting requirements.
Battle North Gold Corporation (BNAUF) announced that the Supreme Court of British Columbia approved its plan of arrangement with Evolution Mining Limited (ASX:EVN). Evolution Mining will acquire all Battle North shares at C$2.65 per share. All conditions for this transaction have been met or waived, and completion is expected on May 19, 2021. This acquisition positions Evolution Mining to enhance its operations in the Red Lake Gold District, where Battle North holds significant exploration ground.
Battle North Gold Corporation (TSX: BNAU) (OTCQX: BNAUF) announced the approval of its acquisition by Evolution Mining Limited at its Annual General and Special Meeting on May 11, 2021. Shareholders approved all resolutions, including the arrangement that values Battle North at C$2.65 per share, totaling approximately C$343 million. The transaction awaits final court approval, expected around May 17, 2021, with completion anticipated by May 19, 2021. This acquisition aims to enhance Evolution Mining's portfolio in the Red Lake Gold District in Ontario.
Battle North Gold Corporation (BNAUF) announced its Annual General and Special Meeting of Shareholders on May 11, 2021. Key agenda items include approval for the acquisition by Evolution Mining Limited at C$2.65 per share, representing a 46% premium over the last closing price. The acquisition is valued at approximately C$343 million and requires approval from shareholders and the Supreme Court of British Columbia. The interim court order has been granted, allowing the Meeting to proceed.
Battle North Gold Corporation (BNAUF) has announced a definitive arrangement with Evolution Mining Limited to acquire all issued shares at C$2.65 each, totaling approximately C$343 million. This offer reflects a significant premium of 46% over Battle North's share price as of March 12, 2021. The acquisition aims to consolidate Gold assets in the Red Lake area, potentially increasing production capabilities to exceed 300,000 ounces annually. The transaction requires approval from 66⅔% of Battle North shareholders at a meeting expected in May 2021.
Battle North Gold Corporation (BNAUF) has released its FY2020 financial results, highlighting a cash position of $46.8 million as of December 31, 2020. The company spent approximately $12.5 million on exploration and evaluations, up by $0.2 million from 2019. General and administrative expenses rose to $5.4 million, reflecting increased professional fees. For 2021, Battle North plans to invest $59.1 million in the Bateman Gold Project, aiming to commence construction and potentially pour first gold by year-end. An exploration budget of $7 million is allocated for its Red Lake Properties.
Battle North Gold Corporation (BNAU, BNAUF) announced its 2021 exploration plans focused on its Red Lake Properties. The company has commenced drilling at the McCuaig target and plans to invest up to C$7 million and drill 22,000 meters this year. Exploration activities include the McFinley and Pen Zones, with updates expected by the end of Q1 2021. CEO George Ogilvie expressed optimism about potential discoveries. The properties, covering over 288 square kilometers, are located in a prime gold district in Ontario, Canada.
Battle North Gold Corporation (TSX: BNAU, OTCQX: BNAUF), based in Toronto, announced that George Ogilvie, P.Eng., will present live at VirtualInvestorConferences.com on February 16, 2021, at 10:00 am ET. Investors can interact and ask questions in real-time during this event. If unable to attend live, an archived version will be available. The company focuses on developing the Bateman Gold Project in Red Lake, aiming to be Canada's next gold mine, with recent feasibility study results indicating a 50% After-Tax IRR and C$305 Million After-Tax NPV.
Battle North Gold Corporation (BNAUF, BNAU) announced its 2021 construction plans for the Bateman Gold Project and appointed Rachel Pineault as Vice President of Human Resources. Pineault brings over 25 years of HR experience, crucial for the company's growth phase. Construction is underway, with a budget of C$59.1 million for capital development, targeting first gold by the end of 2021, and commercial production by the end of 2022. A US$40 million credit facility is in place to support these initiatives.
