sur CANEX Metals Inc. (CVE:CANX)
CANEX Metals Extends Offer for Gold Basin Shares Amid Strong Support
CANEX Metals Inc. has announced that over 49% of Gold Basin Resources Corporation shares have been tendered under its acquisition offer. The deadline for the offer has been extended to January 29, 2026, to accommodate delays largely attributed to Gold Basin's regulatory non-compliance and absence of a transfer agent. The extension aims to offer Gold Basin shareholders additional time to meet the tender requirements.
The offer by CANEX represents a 275% premium based on the companies' respective 30-day VWAPs from January 2026 and May 2025. Despite logistical challenges, CANEX remains optimistic that it will meet the 50% + 1 minimum tender requirement soon. If successful, it plans to reform Gold Basin's board and consolidate district operations.
This strategic move gives Gold Basin shareholders an opportunity to exchange their suspended shares for CANEX's liquid shares, which could be their last chance to do so.
R. H.
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