representative work

Catalyst Metals to Acquire Superior Gold for $54 Million


On February 22, 2023, Catalyst Metals Limited, an Australian issuer listed on the Australian Securities Exchange, agreed to acquire Superior Gold Inc., a Canadian issuer listed on the TSX Venture Exchange. Superior Gold’s principal asset is the historic Plutonic Gold Mine in Western Australia. Under the terms of the transaction, each shareholder of Superior Gold will receive 1 ordinary share of Catalyst Metals for each 2.80 Superior Gold common shares held, for a total transaction value of approximately $54 million based on current prices. The transaction will occur pursuant to a Court and shareholder approved plan of arrangement under the Ontario Business Corporations Act.

Cassels is acting as Canadian counsel to Catalyst Metals.