BATTLE NORTH GOLD NAME CHANGE TO EVOLUTION MINING, FINANCING $61.4MM 2020-08-27

08/27/2020 (MT Newswires) -- Battle North Gold (BNAU.TO) was steady after the company on Thursday said it closed a bought-deal public offering of common and flow-through shares that raised C$61.37 million.

The company said it sold 30.06 million common shares priced at C$1.85 and 2.15 million flow-through shares priced at C$2.68 in the offer, including a partial exercise of the underwriters' over-allotment option.

The funds raised from the offer will be used for exploration and development of the company's northwestern Ontario gold properties, while proceeds from the common-share sale will also be used to reduce debt and for working capital.

Battle North shares were last seen unchanged at C$1.85 on the Toronto Stock Exchange.

Price: 1.85, Change: 0.00, Percent Change: 0.00