A public offering of 5.25 million common shares of Battle Mountain Gold has been postponed by the company. Chairman Douglas Bourne said the company made the decision because of the current volatility in the stock market.
He said Battle Mountain intends to continue to pursue its active exploration and acquisition programs, and is working to develop a $100 million-plus line-of-credit to augment its cash position to be able to react quickly to growth opportunities.
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