Battle North Gold Corporation in its acquisition by Evolution Mining Limited

On March 14, 2021, Battle North Gold Corporation (Battle North) and Evolution Mining Limited (Evolution) announced that they have entered a definitive agreement for Evolution to acquire Battle North’s issued and outstanding shares at a price of $2.65 per common share in cash, for total consideration for all shares of approximately $343 million. The funds represents a 46% premium over the closing price of the Battle North common shares on the TSX on March 12, 2021. The transaction will be effected by way of statutory plan of arrangement under the Business Corporations Act (British Columbia). All of the directors and officers of Battle North have agreed to vote in favour of the transaction.

Battle North is a Canadian gold mine developer that owns the Bateman Gold Project, located in the Red Lake gold district in Northwestern Ontario, Canada.

Evolution Mining is a leading, growth-focused Australian gold miner.

Osler, Hoskin & Harcourt LLP advised Battle North Gold Corporation with a team led by James Brown and including Brett Anderson, Amy Sigurdson (Corporate), Lynne Lacoursiere (Executive Compensation), Patrick Marley, Taylor Cao (Tax), Kaeleigh Kuzma (Regulatory), Richard King (First Nations), Patrick Welsh (Environmental) and Jon Marin (Pensions and Benefits).