on CANEX Metals Inc. (CVE:CANX)
CANEX Metals Acquires Full Control of Gold Basin Resources
CANEX Metals Inc. has completed its acquisition of Gold Basin Resources Corporation. Under the agreement, CANEX obtained 100% of Gold Basin's shares, exchanging 0.592 of a CANEX share for each Gold Basin share. The arrangement was approved by Gold Basin's shareholders on June 4, 2026, and sanctioned by the Supreme Court of British Columbia on June 9, 2026.
Shane Ebert, President of CANEX, emphasized the potential of the Gold Basin and Gold Range properties to host significant oxide gold deposits. The consolidation aims to leverage these opportunities for the benefit of shareholders. The properties, located in Arizona, have extensive drilling history, indicating promising gold reserves. Beyond this, CANEX continues to advance its Louise Copper-Gold Porphyry Project in British Columbia.
R. H.
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