CANEX Metals Secures C$6.5 Million Financing with Key Investment from Eric Fier

CANEX Metals Inc. has announced a strategic financing plan valued at C$6.5 million, following its acquisition of Gold Basin Resources Corp, now fully integrated as a subsidiary. This move positions CANEX to kick off more vigorous exploration at its expanded Gold Basin/Gold Range Project in Northern Arizona.

N. Eric Fier leads the financing with a C$3 million investment, maintaining his status as the company’s largest shareholder with a 9.6% stake. The initiative includes a non-brokered private placement aimed at raising funds through issuing common and Charity Flow-Through shares.

Proceeds are earmarked for aggressive drilling and developmental studies at the Gold Basin/Gold Range Project and for testing new targets at the Louise Copper-Gold Porphyry in British Columbia. This financing marks a significant step for CANEX as it transitions from its merger phase to active exploration.