Gold Basin Shareholders Approve Arrangement with CANEX Metals

Gold Basin Resources Corporation announced that its shareholders have approved the arrangement with CANEX Metals Inc. At the special meeting, approximately 75.82% of votes cast supported the arrangement. This approval follows CANEX's successful takeover bid for Gold Basin shares, which expired earlier this year.

Under the agreement, Gold Basin shareholders, excluding CANEX, will receive 0.592 common shares of CANEX for each Gold Basin share held. The arrangement awaits final approval from the TSX Venture Exchange and the Supreme Court of British Columbia. The court hearing is set for June 8, with the arrangement expected to conclude on June 10.

Notice of dissent has been received from shareholders holding 21.72% of Gold Basin's shares. Details on this and other aspects of the arrangement can be found in Gold Basin's circular dated May 14, 2026.