Supreme Court of Western Australia

SUPERIOR GOLD FILES MANAGEMENT INFORMATION CIRCULAR IN SUPPORT OF ARRANGEMENT WITH CATALYST METALS

Retrieved on: 
Monday, June 5, 2023
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TORONTO, June 5, 2023 /PRNewswire/ - Superior Gold Inc. ("Superior" or the "Company") (TSXV: SGI) (OTCQX: SUPGF) today announced that it has filed a management information circular (the "Circular") for the special meeting of shareholders (the "Meeting") in connection with the proposed arrangement (the "Arrangement") with Catalyst Metals Limited ("Catalyst") (ASX:CYL).

Key Points: 
  • TORONTO, June 5, 2023 /PRNewswire/ - Superior Gold Inc. ("Superior" or the "Company") (TSXV: SGI) (OTCQX: SUPGF) today announced that it has filed a management information circular (the "Circular") for the special meeting of shareholders (the "Meeting") in connection with the proposed arrangement (the "Arrangement") with Catalyst Metals Limited ("Catalyst") (ASX:CYL).
  • The Superior board of directors (the "Board") encourages Superior shareholders ("Shareholders") to carefully read the information sent to them and to vote their Superior common shares (the "Common Shares") FOR the Arrangement.
  • The Circular includes a letter to Shareholders summarizing the reasons why Shareholders should vote FOR the Arrangement.
  • Catalyst controls three significant gold belts in Australia, including the Marymia Gold Project in Western Australia, located adjacent to Superior's Plutonic Gold Operations.

SUPERIOR GOLD AND CATALYST METALS ANNOUNCE COURT RULING APPEAL

Retrieved on: 
Wednesday, April 19, 2023
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TORONTO, April 19, 2023 /PRNewswire/ - Superior Gold Inc. ("Superior Gold" or the "Company") (TSXV: SGI) (OTCMKTS: SUPGF) announces that the Company has received a favourable judgment in its appeal regarding the litigation between its wholly-owned subsidiary, Billabong Gold Pty Ltd ("Billabong") and Catalyst Metals Ltd's ("Catalyst") subsidiary Dampier (Plutonic) Pty Ltd ( "Dampier").

Key Points: 
  • TORONTO, April 19, 2023 /PRNewswire/ - Superior Gold Inc. ("Superior Gold" or the "Company") (TSXV: SGI) (OTCMKTS: SUPGF) announces that the Company has received a favourable judgment in its appeal regarding the litigation between its wholly-owned subsidiary, Billabong Gold Pty Ltd ("Billabong") and Catalyst Metals Ltd's ("Catalyst") subsidiary Dampier (Plutonic) Pty Ltd ( "Dampier").
  • Chris Jordaan, President and CEO of the Superior Gold said: "While Superior Gold welcomes the outcome of the appeal hearing, it only further confirms to us the strategy of the consolidation of the Plutonic Gold Belt by combining with Catalyst Metals.
  • Superior Gold have long held the view and strategy that the Plutonic Gold Belt should be consolidated.
  • While Superior Gold was not originally successful as regards the 2016 transaction, it filed an appeal and the Court of Appeal ruling on April 18, 2023 found in favour of the Company.

Dundee Corporation Closes Privatization Transaction of Big River Gold With Aura Minerals to Develop and Participate in Future Cash Flows From the Borborema Mine

Retrieved on: 
Wednesday, September 21, 2022
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The Supreme Court of Western Australia approved the acquisition of Big River on September 8, 2022.

Key Points: 
  • The Supreme Court of Western Australia approved the acquisition of Big River on September 8, 2022.
  • Jonathan Goodman, President and Chief Executive Officer of Dundee Corporation commented: I am pleased to announce the closing of this transaction and for Dundee to participate directly in any future cash flows of this high-quality, development stage mining project in Brazil.
  • This is clearly a transformational transaction for Dundee, and we are looking forward to our evolution toward becoming an emerging gold producer.
  • Dundee Corporation is a public Canadian independent holding company, listed on the Toronto Stock Exchange under the symbol DC.A.

Aura Announces Final Approval for acquisition of Big River

Retrieved on: 
Thursday, September 8, 2022
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Holders of Big River shares (Big River Shareholders) other than Dundee Resources Limited (Dundee Resources), will receive A$0.36 in cash (Cash Consideration) for each Big River share held.

Key Points: 
  • Holders of Big River shares (Big River Shareholders) other than Dundee Resources Limited (Dundee Resources), will receive A$0.36 in cash (Cash Consideration) for each Big River share held.
  • The final regulatory step for the approval of the acquisition by Aura of Big River, owner of Borborema Gold Project (Borborema or the Project), is concluded and the transaction was approved by the Court
    Implementation of the transaction, which includes the disbursement of cash consideration and the acquisition of Big River shares by JVCo is expected to occur on September 20, 2022
    As previously announced on April 19, 2022 ( Aura to Acquire Big River Gold via an Australian Scheme of Arrangement ), Aura will acquire Big River and will form an 80%/20% joint venture with Dundee Resources
    Borborema will add 8.2 Mt at a grade of 1.22 g/t Au (320K oz.)
  • During the coming months, we will advance our studies and look for opportunities to optimize the project and initial studies performed by Big River2.
  • Big River has appointed NextLevelCorporate as its financial advisor and MinterEllison as its legal advisor.

Big River shareholders vote in favour of acquisition by Aura

Retrieved on: 
Friday, September 2, 2022
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Big River will now seek approval of the Scheme from the Court at the Second Court Hearing.

Key Points: 
  • Big River will now seek approval of the Scheme from the Court at the Second Court Hearing.
  • If the Court approves the Scheme at the Second Court Hearing, it is expected that the Scheme will take effect on September 9, 2022.
  • Aura is focused on mining in complete terms thinking holistically about how its business impacts and benefits every one of our stakeholders: our company, our shareholders, our employees, and the countries and communities we serve.
  • Aura is a mid-tier gold and copper production company focused on the development and operation of gold and base metal projects in the Americas.