Evolution has agreed to acquire all of the issued and outstanding shares of Battle North at a price of C$2.65 per common share in cash for total consideration for all issued and outstanding shares pursuant to the Transaction of approximately C$343 million.
The Consideration represents a 46 per cent premium over the closing price of the Battle North common shares on the Toronto Stock Exchange.
Shares in Evolution Mining (ASX:EVN) are trading 3.29 per cent higher at $4.08.