Black Cat Syndicate Limited (ASX:BC8) entered into binding agreement to acquire Paulsens Gold Operation from Northern Star Resources Limited (ASX:NST).on April 13, 2022. In a related transaction, Black Cat Syndicate Limited (ASX:BC8) entered into binding agreement to acquire Western Tanami Gold Project from Northern Star Resources Limited (ASX:NST). Under the terms of the agreements, Black Cat Syndicate agrees to pay a total cash, scrip and contingent cash payment consideration of AUD 44.5 million, comprising: AUD 14.5 million cash consideration to be paid at sale completion; the issue to Northern Star of 8,340,000 fully paid ordinary shares in Black Cat at a deemed issue price of AUD 0.60 per share; AUD 15 million cash consideration to be paid on June 30, 2023 (Deferred Consideration) and AUD 10 million cash in a series of contingent payments linked to future production post-sale completion. The transaction is expected to complete in June 2022, subject to the satisfaction of conditions including Black Cat raising at least AUD 25 million through the issue of shares by June 15, 2022 and receiving its shareholder's approval for the issue of Black Cat shares to Northern Star as part of the transaction.

Black Cat Syndicate Limited (ASX:BC8) completed the acquisition of Paulsens Gold Operation from Northern Star Resources Limited (ASX:NST) on June 15, 2022.