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CANEX Continues to Gain Support for Gold Basin Offer as the Deadline Approaches
GOLD BASIN REMAINS CEASE TRADED AND NON-COMPLIANT AND RISKS POTENTIAL DISSOLUTION TIME SENSI...
About this update from Canex Metals Inc
[{"type":"text","content":"CANEX Continues to Gain Support for Gold Basin Offer as the Deadline ApproachesGOLD BASIN REMAINS CEASE TRADED AND NON-COMPLIANT AND RISKS POTENTIAL DISSOLUTIONTIME SENSITIVE: GOLD BASIN SHAREHOLDERS URGENT ATTENTION AND ACTION REQUESTEDHighlightsWell over 30% of Gold Basin Shareholders have deposited or made formal contractual commitments to tender to the OfferGold Basin Shareholders are warned of potential dissolution of Gold Basin due to another basic, but critical disclosure failureGold Basin Resources and Helix Resources Ltd. (ASX:HLX) have been named as defendants in a petition brought by Gold Basin Shareholders in the BC Supreme Court. Consistent with their track record, Gold Basin failed to enter a response to the petition by the court's deadline, and has failed to disclose the petition to its shareholdersCANEX reminds Gold Basin Shareholders of key upcoming deadlines that are critical for the future of their investment - CANEX's offer to acquire all of the issued and outstanding shares of Gold Basin Resources expires on December 12th, 2025CANEX has released a new video presentation outlining its projects, the advantages of consolidating the Arizona district, and highlighting superior value for Gold Basin shareholders in the CANEX Offer relative to current alternatives <Video Presentation link>CANEX thanks the many Gold Basin Shareholders around the globe for the overwhelming support for the Offer and urges those not yet tendered to take action and join them immediately CALGARY, AB / ACCESS Newswire / December 2, 2025 / CANEX Metals Inc. (\"CANEX\" or the \"Company\") (TSXV:CANX) today issued a reminder of the upcoming expiry of its offer to acquire all of the issued and outstanding shares of Gold Basin Resources Corporation (\"Gold Basin\") (TSX.V:GXX) on December 12, 2025. Relatedly, the Company also issued a reminder to shareholders of Gold Basin (\"Gold Basin Shareholders\") that the partial revocation of the cease-trade is set to expire on January 31, 2026 and that Gold Basin faces potential dissolution without the filing of its 2024 Annual Report by January 24, 2026. Further, CANEX is pleased to release a video with the President of the Company, Shane Ebert, highlighting the advantages of district consolidation and the value for shareholders.Gold Basin Shareholders with question or who need assistance tenderi...