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CANEX Metals Announces Significant Support for Its Offer to Purchase Shares of Gold Basin Resources, Extends Offer Until January 19, and Waives Minimum Tender Condition
CALGARY, AB / ACCESS Newswire / January 9, 2026 / CANEX Metals Inc. ("CANEX" or the "Company") (TSXV:CANX) is pleased to announce significant support for its Offer (the "Offer") to acquire all of the issued and outstanding common shares of Gold Basin ...
About this update from Canex Metals Inc
[{"type":"text","content":"CALGARY, AB / ACCESS Newswire / January 9, 2026 / CANEX Metals Inc. ("CANEX" or the "Company") (TSXV:CANX) is pleased to announce significant support for its Offer (the "Offer") to acquire all of the issued and outstanding common shares of Gold Basin Resources Corporation ("Gold Basin") (TSX.V:GXX) and has extended the Offer deadline to January 19th, 2026, as Gold Basin's lack of a transfer agent has resulted in challenges and delays for shareholders of Gold Basin ("Gold Basin Shareholders") to deposit to the Offer.","length":575,"tagName":"p"},{"type":"text","content":"Highlights:","length":11,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"47% of the shares of Gold Basin ("Gold Basin Shares") have been deposited to the Offer. We thank Gold Basin Shareholders for their strong support and encourage all Gold Basin Shareholders to tender to the Offer today","length":226,"tagName":"p"}]},{"val":[{"type":"text","content":"Gold Basin remains cease traded, non-compliant, and lacks a transfer agent. The absence of a transfer agent has frustrated numerous Gold Basin Shareholders attempting to compile documents related to their holdings and tender their shares, and has caused delays. CANEX has extended the Offer deadline to 5:00 p.m. (Toronto time) on January 19, 2026 to allow additional time for Gold Basin shareholders to tender their shares","length":423,"tagName":"p"}]},{"val":[{"type":"text","content":"The Offer represents an implied premium of 221%, based on CANEX's 30-day volume-weighted price (VWAP) on January 7, 2026 and Gold Basin's 30-day VWAP on its last trading day, May 6, 2025. The Offer value equates to approximately $18,000,000 or more than $0.13 per Gold Basin share based on CANEX's January 8, 2026 closing price","length":339,"tagName":"p"}]},{"val":[{"type":"text","content":"CANEX has waived the tender condition of 66 2/3% of Gold Basin shares be tendered to the Offer and will be able to take up and pay for shares if the statutory 50% tender condition has been achieved","length":197,"tagName":"p"}]},{"val":[{"type":"text","content":"Gold Basin issued an empty and desperate news release dated January 8, 2026 asking shareholders to reject the CANEX Offer and stating that it undervalues the mineral endowment of the Gold Basi...