On June 29, 2023, Superior Gold Inc announced that pleased to announce the completion of the previously announced plan of arrangement, whereby Catalyst has acquired all the issued and outstanding common shares in the capital of the Company by way of a court-approved plan of arrangement under the Business Corporations Act. In addition, the Company stated that the arrangement, which was announced on February 23, 2023, was approved by the shareholders at the Company's special meeting of shareholders held on June 26, 2023 and by the Ontario Superior Court of Justice on June 28, 2023. Further, the Company stated that under the terms of the Arrangement, each former shareholder of Superior is entitled to receive 0.3571 of an ordinary share in the capital of Catalyst for each Common Share held immediately prior to the completion of the Arrangement.