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CANEX Metals and Gold Basin Resources Announce a Settlement Agreement Has Been Reached with Charrua Capital
CALGARY, AB / ACCESS Newswire / May 6, 2026 / CANEX Metals Inc. ("CANEX" or the "Company") (TSXV:CANX) is pleased to report that Gold Basin Resources Corporatio
About this update from Canex Metals Inc
[{"type":"text","content":" CALGARY, AB / ACCESS Newswire / May 6, 2026 / CANEX Metals Inc. (\"CANEX\" or the \"Company\") (TSXV:CANX) is pleased to report that Gold Basin Resources Corporation (\"Gold Basin\") (TSX.V:GXX)has today announced a settlement agreement (\"Settlement Agreement\") with Charrua Capital LLC (\"Charrua\") in respect of the disputed enforceability of the unsecured loan agreement dated August 21, 2024 between Gold Basin and Charrua (the \"Loan Agreement\"). The Loan Agreement bore a principal amount of US$500,000, initial interest rate of 15%, high fees and costs, and restrictions on Gold Basin's use of funds. Under the Settlement Agreement, Gold Basin has agreed to pay Charrua US$217,367.40 upon, among other things, the release and discharge of any and all security interests and claims against Gold Basin and its assets. The Settlement Agreement is not an admission of liability by either party and the parties have mutually released their respective claims in respect of the Loan Agreement, thereby avoiding the expense, burden and uncertainty associated with litigation. The Settlement Agreement does not release Michael Povey or Charles Straw from any claims. Dr. Shane Ebert, President and CEO of CANEX stated \"Todays announcement of the settlement of the Charrua loan combined with yesterday's announcement that Gold Basin considers the Helix Joint Venture to be invalid are major achievements toward reducing the impairments and risk that have been hanging over the Gold Basin project. CANEX and Gold Basin will continue to work diligently to preserve the value of this exceptional asset and to advance the companies toward a full combination\". About CANEX Metals CANEX Metals (TSX.V:CANX) is a Canadian junior exploration company and the controlling shareholder of Gold Basin Resources, owning 51.86% of Gold Basin. CANEX is advancing its 100% owned Gold Range Project in Mohave County, Arizona. With several near surface bulk tonnage gold discoveries made to date across a 4 km gold mineralized trend, the Gold Range Project is a compelling early-stage opportunity for investors. Gold Basin Resources holds the adjacent Gold Basin Project which hosts large mineralized trends containing near surface oxide gold mineralization and has seen over 800 historic and current drill holes into mineralized deposits up to 1.7 kilometres in length. CANEX is worki...