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CANEX Metals Announces $3 Million Strategic Financing With Eric Fier As Lead Investor and Extends Its Offer to Purchase the Shares of Gold Basin Resources
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CALGARY, AB / ACCESS Newswire / December 10, 2025 / CANEX Metals Inc. ("CANEX" or the "Company") (TSX.V:CANX) is pleased to announce a C$3 million financing (the ...
About this update from Canex Metals Inc
[{"type":"text","content":"NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES","length":88,"tagName":"p"},{"type":"text","content":"CALGARY, AB / ACCESS Newswire / December 10, 2025 / CANEX Metals Inc. ("CANEX" or the "Company") (TSX.V:CANX) is pleased to announce a C$3 million financing (the "Financing") led by a strategic investment from Mr. N. Eric Fier. Mr. Fier is a mining industry leader with a track record of significant discoveries, project development, financing's, and mine constructions with subsequent successful production (both open pit and underground). He along with his team have, over the last 10 years, generated approximately C$2.5 billion of shareholder equity value including two successful takeover deals. The Financing is intended to remove financial risk around the Company's Offer (the "Offer") to acquire all of the issued and outstanding common shares of Gold Basin Resources Corporation ("Gold Basin") (TSX.V:GXX) and demonstrate the Company's ability to fund expedited exploration and development of a consolidated oxide gold district in Northern Arizona. The Company will extend the Offer to 5:00 p.m. (Toronto time) on January 9, 2026 to allow for the completion of the Financing and provide the shareholders of Gold Basin an additional opportunity to fully evaluate the Offer in light of the Financing.","length":1269,"tagName":"p"},{"type":"text","content":"Highlights:","length":11,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Mr. Eric Fier is a lead order in the Financing and will become an insider of CANEX, bringing his ownership above 9.9% of the Company","length":132,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":132,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"CANEX will issue up to 20,000,000 common shares (the "Common Shares") at a price of $0.15 per Common Share for gross proceeds of up to $3,000,000","length":155,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":155,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"The Financing is intended to remove financial risk related to the Company's Offer to acquire all of the issued and outstanding shares of Gold Basin, and demonstrate the Company's access to capital o...