Evolution Mining completed the acquisition of Battle North Gold for $283m.

Evolution Mining, an Australian mining company, completed the acquisition of Battle North Gold, a Canadian gold miner, for $283m. "The all-cash offer is at a significant premium to market and reflects the extraordinary efforts of the Battle North team to create value at the Bateman Gold Project and ultimately deliver an outstanding outcome for Battle North's shareholders. We believe that there are unique and undeniable merits to combining the Red Lake assets of Battle North and Evolution and this Transaction reduces development and execution risk. Evolution is a highly regarded mining company with a demonstrated ability to successfully operate internationally. The Battle North team looks forward to working with Evolution to close the Transaction and smoothly transition operations to the new team," George Ogilvie, Battle North President, Chief Executive Officer, and Director.