VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 12/23/14 -- Battle Mountain Gold Inc. (the "Company") (TSX VENTURE: BMG)(OTCQB: BMTNF) is pleased to announce it has closed the non-brokered private placement (the "Private Placement") previously announced on December 19, 2014.
The Private Placement comprised 575,000 units ("Units") at a price of $0.10 per Unit for gross proceeds of $57,500. Each Unit comprises one common share ("Common Share") and one-half of one common share purchase warrant (the "Warrants"). Each whole Warrant entitles the holder to purchase one additional Common Share at a price of $0.20 per Common Share for the two years from the date of issue.
The Company paid finder's fees which totalled $2,400 (the "Finder's Fee") in connection with the Private Placement.
The Common Shares and Warrants issued in connection with the Private Placement are all subject to a hold period expiring on April 24, 2015.
On December 19, 2014, the TSX Venture Exchange provided final approval for the Private Placement.
The net proceeds from the Private Placement will be used for the further evaluation of the Company's gold exploration project in Nevada, USA and for general corporate purposes.
To find out more about Battle Mountain Gold Inc. please visit our website at www.battlemtngold.com.
ON BEHALF OF THE BOARD OF BATTLE MOUNTAIN GOLD INC.
Chet Idziszek, President, Chief Executive Officer and Director
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility of the adequacy or accuracy of this release.
Contacts:
Battle Mountain Gold Inc.
Chet Idziszek
604.331.8772
604.684.6024 (FAX)
