CANEX Acquires Remaining Gold Basin Shares
Gold Basin Resources Corporation has successfully completed its arrangement with CANEX Metals Inc., as announced on June 10, 2026. Under the arrangement, CANEX acquired all the remaining issued and outstanding common shares of Gold Basin.
According to the terms, each Gold Basin share was exchanged for 0.592 of a CANEX common share. The arrangement was initially announced on May 12, 2026, and was approved by Gold Basin’s shareholders during a special meeting on June 4, 2026.
Prior to the completion of the arrangement, CANEX held beneficial ownership of approximately 51.86% of Gold Basin’s shares, controlling 70,088,199 shares. Following the arrangement, CANEX now owns 100% of the issued and outstanding shares, totaling 104,742,818.
Final Court Approval and Additional Information
On June 9, 2026, the Supreme Court of British Columbia granted a final order approving the arrangement. Gold Basin has outlined further terms in a management information circular dated May 14, 2026, available on SEDAR+.
For more details, Shane Ebert, President and CEO of Gold Basin, is available for contact at 1.250.964.2699. The Gold Basin Project in Mohave County, Arizona, features mineralized trends with extensive gold deposits over 1.7 kilometers.
CANEX will file an early warning report, accessible on its SEDAR+ profile. To obtain a copy, contact CANEX’s secretary, Barbara O’Neill, at +1-403-233-2636. CANEX’s head office is located at 734 – 7th Avenue, Suite 1620, Calgary, Alberta, T2P 3P8, Canada.
Gold Basin Resources Corporation’s project includes over 800 historic and current drill holes. These drill holes target mineralized deposits, providing significant opportunities for gold extraction. The Gold Basin Project is located in a region known for its rich mineral resources.
An early warning disclosure was issued as CANEX now controls all Gold Basin shares. This report is filed under applicable securities laws and is available on CANEX’s SEDAR+ profile. This strategic acquisition by CANEX is expected to enhance their portfolio and strengthen their position in the mining sector.
Gold Basin’s management information circular, dated May 14, 2026, details the arrangement’s terms and is essential for shareholders and potential investors to review. The project offers a promising outlook for future mining operations in Arizona.
