Brief: Gold Standard Ventures announces acquisition of Battle Mountain Gold

Millennial Potash

12/04/2017 11:30

April 12 (Reuters) - Gold Standard Ventures Corp  GSV.V  
    * Gold Standard Ventures announces acquisition of Battle 
Mountain Gold 
    * Gold Standard Ventures - Deal for consideration of 0.1891 
of common share of co plus $0.08 in cash for each battle 
mountain common share held 
    * Gold Standard Ventures Corp - Proposed arrangement values 
Battle Mountain at approximately C$0.59 per share 
    * Gold Standard Ventures - Battle Mountain agreed to pay 
termination fee to gold standard of $1.25 million upon 
occurrence of certain termination events 
    * Gold Standard Ventures - Co gave Battle Mountain loan of 
$1.55 million to replace amount paid to buy remaining 40% 
interest in Lewis Gold Project on April 11 
    * Gold Standard Ventures Corp - Under terms of deal, on 
closing, each Battle Mountain shareholder will receive 0.1891 of 
a common share of gold standard 
    * Gold Standard Ventures - Under deal terms each Battle 
Mountain shareholder  will also receive additonal $0.08 in cash 
for each Battle Mountain share held 
 
Source text for Eikon:  ID:nCCN3GVCNJ  
Further company coverage:  GSV.V  
 
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