Now Complete..Do we go now? Battle Mountain boosts Lewis interest to 100%
Battle Mountain Gold Inc (C:BMG)
Shares Issued 60,217,856
Last Close 4/11/2017 $0.415
Tuesday April 11 2017 - News Release
Mr. Chet Idziszek reports
BATTLE MOUNTAIN GOLD CONSOLIDATES 100% INTEREST IN THE LEWIS GOLD PROJECT
Battle Mountain Gold Inc. has completed the acquisition of the final 40-per-cent interest in the Lewis gold project, pursuant to its April, 2013, option agreement, by making a final $1.55-million cash payment to an arm's-length party. Battle Mountain now owns 100 per cent of the project, which is located in Lander county, Nevada.
The exercise of this option now provides Battle Mountain with full ownership of the Lewis gold project -- a substantial, 5,500-acre tenement adjacent to Newmont's producing Phoenix mine. In 2016, the company also negotiated an important reduction of the royalty on the Lewis project as part of its project consolidation strategy, which will serve to significantly enhance future potential project economics.
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GLTA Ron