M&A

Evolution swoops on Red Lake neighbour

EVOLUTION Mining has agreed to acquire Toronto-listed Battle North Gold Corporation in a friendly deal worth C$343 million.

Battle North's Bateman project. Evolution's Red Lake mine can be seen in the background across the lake.

Battle North's Bateman project. Evolution's Red Lake mine can be seen in the background across the lake.

Evolution will offer $2.65 cash per share, a 46% premium to Battle North's closing price on Friday and a 54% premium to the 20-day volume-weighted average price. Battle North owns the shove-ready Bateman...

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