Battle Mountain advises that further to our news release of May 6, 2016, Gold Standard Ventures has informed the Company that GSV intends to increase its strategic investment in the Company by exercising all of GSV's 5,240,717 warrants to acquire an additional 5,240,717 common shares of Battle Mountain at a price of CAD $0.37 per share for an aggregate purchase price of CAD $1,939,065 (the "Warrant Purchase Price
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