Northern Superior Resources Inc.’s Acquisition of Genesis Metals Corp.

Red Cloud Securities Inc. acted as the financial advisor to Genesis and Evans & Evans, Inc. has provided a fairness opinion to Genesis in connection with the Transaction. Cozen O’Connor LLP is acting as legal counsel to Genesis and Cassels Brock & Blackwell LLP is acting as legal counsel to Northern Superior in connection with the Transaction.

Northern Superior Resources Inc. (SUP.V) and Genesis Metals Corp. (TSXV: GIS) entered into a definitive arrangement agreement pursuant to which Northern Superior has agreed to acquire all of the issued and outstanding common shares of Genesis by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia).

The transaction will establish Northern Superior as a premier gold exploration company with six early-to-advanced staged gold exploration projects across major gold camps in Québec and Ontario and create significant synergies and scale in the Chapais-Chibougamau Camp.

Northern Superior Resources Inc.  is a junior exploration company whose focus is exploring for gold on the Superior Province of the Canadian Shield.

Genesis Metals Corp. is a Gold Exploration Company focused on advancing the Chevrier Gold deposit in Quebec, Canada.

The Cassels’ team consisted of Jennifer Traub (Picture), Alexandra Iliopoulos, Aamir Chherawala, Corinne Grigoriu, Jocelyn Arnason and Natasha Vlajnic. 

Involved fees earner: Jocelyn Arnason – Cassels Brock & Blackwell LLP; Aamir Chherawala – Cassels Brock & Blackwell LLP; Corinne Grigoriu – Cassels Brock & Blackwell LLP; Alexandra Iliopoulos – Cassels Brock & Blackwell LLP; Jennifer Traub – Cassels Brock & Blackwell LLP;

Law Firms: Cassels Brock & Blackwell LLP;

Clients: Northern Superior Resources Inc.;

Sonia Carcano

Author: Sonia Carcano