Greywolf Capital Management LP intends to vote AGAINST the proposed acquisition of Superior Gold by Catalyst Metals
Greywolf's determination is based on a preliminary evaluation of the transaction considering both the relative value attributed to Catalyst and Superior assets as well as the impact of a recent favorable court judgement granting Superior a 40% purchase right in Marymia Tenements (an asset owned by Catalyst that is adjacent to the Superior owned Plutonic Gold mine).
Greywolf is committed to maximizing shareholder value and protecting the interests of its clients. In this case, based on current information, Greywolf has concluded that the proposed transaction undervalues Superior and its prospects.
Greywolf has communicated its decision to vote against the proposed acquisition to Superior, subject to further review of the management information circular and/or other relevant information that becomes publicly available.
About Greywolf Capital Management LP
Greywolf is a private fund manager headquartered in
Media inquiries:
ASC Advisors
phone: 203-992-1230
[email protected] / [email protected]
Investor Contact:
Greywolf Capital Management LP
phone: 914-251-8200
[email protected]
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SOURCE Greywolf Capital Management
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