Gold Standard completes Battle Mountain acquisition

Alpha Stox June 14, 2017 Comments Off
Gold Standard completes Battle Mountain acquisition

Mr. Jonathan Awde reports


Gold Standard Ventures Corp. and Battle Mountain Gold Inc. have completed the previously announced plan of arrangement under the Business Corporations Act (British Columbia) whereby Gold Standard acquired all of the issued and outstanding common shares of Battle Mountain. Battle Mountain is now a wholly owned subsidiary of Gold Standard.

Under the terms of the arrangement, former Battle Mountain shareholders (other than Gold Standard) received 0.1891 Gold Standard common share plus eight cents in cash for each Battle Mountain common shares held. In addition, other than certain options to acquire common shares of Battle Mountain that were cancelled, options and warrants to acquire common shares of Battle Mountain became exercisable for common shares of Gold Standard, all in accordance with the terms of the arrangement.

Jonathan Awde, president, chief executive officer and director of Gold Standard, commented: “The acquisition of Battle Mountain Gold and its Lewis project, on the Battle Mountain trend, Nevada, is consistent with our strategy of acquiring district-scale, strategic assets during challenging market conditions. Our expertise in both the systematic exploration of Carlin-style targets, and the consolidation of Nevada assets, ensures the company will enjoy significant synergies with this acquisition. This year we have commenced our largest ever exploration program at our flagship Railroad-Pinion project — the Lewis project will provide further potential for additional discoveries and consequent shareholder value. On behalf of the company, we welcome Battle Mountain shareholders into Gold Standard and we look forward to advancing our asset base together for the benefit of all shareholders.”

As the arrangement has now completed, Battle Mountain common shares were delisted from the TSX Venture Exchange, effective June 14, 2017. In addition, Battle Mountain will begin the process of applying to cease to be a reporting issuer or the equivalent in the relevant Canadian jurisdictions.

Full details of the arrangement and certain other related matters are set out in the management information circular of Battle Mountain dated May 8, 2017. A copy of the information circular can be found under Battle Mountain’s profile on SEDAR. Former Battle Mountain shareholders who require assistance with the completion of the letter of transmittal are advised to contact Computershare Investor Services Inc., the depositary for the arrangement, by telephone (toll-free) at 1-800-564-6253 or by e-mail at

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