SUPERIOR GOLD RESPONDS TO ANNOUNCEMENT BY CATALYST METALS
Superior Gold Inc. (OTCQX: SUPGF) has confirmed ongoing discussions with Catalyst Metals Ltd. regarding a potential transaction. While the discussions are in progress, no agreement has been reached, and the terms remain under negotiation. Superior Gold emphasizes that there are no assurances of a successful transaction or its timing. The company is focused on expanding production at its Plutonic Gold Operations in Western Australia and aims to deliver superior returns for shareholders.
- Ongoing discussions with Catalyst Metals could lead to a beneficial transaction.
- Focus on expanding production at the Plutonic Gold Operations.
- No agreement has been reached with Catalyst, leading to uncertainty.
TORONTO, Jan. 9, 2023 /PRNewswire/ - Superior Gold Inc. ("Superior Gold" or the "Company") (TSXV: SGI) (OTCQX: SUPGF) is aware that Catalyst Metals Ltd. ("Catalyst") (ASX: CYL) has today issued an announcement which states, among other things, that it is in ongoing commercial discussions with Superior Gold.
Superior Gold confirms that it is currently engaged in ongoing talks with Catalyst in respect of a potential transaction, the terms of which are still under discussion. No agreement has been reached and there can be no assurance that any transaction will result from these discussions, and even if a transaction is agreed upon, there can be no assurances as to its terms, structure or timing.
The Company does not intend to make any additional comments regarding these discussions or any potential transaction unless and until a formal agreement has been reached or Superior Gold's board of directors has approved a definitive course of action.
Superior Gold is a Canadian based gold producer that owns
This press release contains "forward-looking information" within the meaning of applicable securities laws that is intended to be covered by the safe harbours created by those laws. "Forward-looking information" includes statements that use forward-looking terminology such as "may", "will", "expect", "anticipate", "believe", "continue", "potential" or the negative thereof or other variations thereof or comparable terminology.
Forward-looking information include estimates, plans, expectations, opinions, projections, targets, guidance or other statements that are not statements of fact. The forward-looking information contained in this press release are based upon the Company's current internal expectations, estimates, projections, assumptions and beliefs and views of future events which management believes to be reasonable in the circumstances. Forward-looking information is subject to known and unknown risks and uncertainties, including risks and uncertainties which could cause actual events or results to differ materially from those described in any forward-looking information. Any forward-looking information contained herein speaks only as of the date on which it is given and, except as required by law, Superior Gold does not undertake any obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Superior Gold
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