Battle North Gold Corporation announced that it has executed a binding commitment letter with Macquarie Bank Limited for a senior secured term loan facility of USD 40 million to be used to fund the construction of the 100%-owned, shovel-ready Bateman Gold Project in Red Lake, Ontario, Canada. The proceeds of the Credit Facility, together with cash currently on the company's balance sheet, is expected to fully fund the Project to Commercial Production. Macquarie has completed the necessary credit approval process to issue the Commitment Letter. However, the Credit Facility remains subject to certain customary conditions precedent and to negotiation and execution of customary definitive documentation, including a credit agreement and related security documents, which the company and Macquarie anticipate will be completed by end of the first quarter of 2021.