Under the C$343 million deal, Evolution is offering $2.65 per share, a 46% premium to the Friday close.
Battle North (TSX: BNAU), which is the rebadged Rubicon Minerals redeveloping its Bateman (formerly Phoenix) gold project, reached an all-time high of $2.62 intraday before closing at $2.60.
Still in Toronto, uranium play Denison Mines (TSX: DML) rose 14.79% ahead of its shares being added to the S&P/TSX Composite Index next week.
It was a notable achievement and came as investor interest in nuclear energy and the global energy transition had increased significantly, president and CEO David Cates said.
Meanwhile, Chile-focused explorer Cascada Silver (CSE: CSS) had a downbeat debut.
Its shares dropped 20% to 12c on its first day on the Canadian Securities Exchange as it prepares to start drilling next quarter at its historically mined Agua Amarga property.
Among commodities, gold is a little higher than this time yesterday, at US$1,730 an ounce on the spot market.
Base metals bar tin closed higher on the London Metal Exchange following positive activity and spending data out of China.
However iron ore futures were under pressure fuelled by steel mill production cuts in Tangshan province to reduce smog, Marex Spectron's Alastair Munro said.