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CANEX Metals Announces the Numbers of Gold Basin Shares Taken up by Canex Metals
CALGARY, AB / ACCESS Newswire / March 20, 2026 / CANEX Metals Inc.("CANEX" or the "Company") (...
About this update from Canex Metals Inc
[{"type":"text","content":"CANEX Metals Announces the Numbers of Gold Basin Shares Taken up by Canex MetalsCALGARY, AB / ACCESS Newswire / March 20, 2026 / CANEX Metals Inc.(\"CANEX\" or the \"Company\") (TSXV:CANX) is issuing this news release to correct its announcement dated February 10, 2026 (the \"Original Release\") regarding the number of common shares in the capital of Gold Basin Resources Corporation (\"Gold Basin\")(\"TSX.V:GXX) (the \"Gold Basin Shares\") validly deposited (and not withdrawn) under its offer to purchase all of the Gold Basin Shares (the \"Offer\").The revision to the number is due to the determination of deficiencies in certain tenders by Gold Basin's transfer agent, which was delayed by Gold Basin's failure to have a transfer agent in place at the time of expiry of the Offer and the need for CANEX to obtain a court order to re-engage Gold Basin's transfer agent. These deficiencies included the inability to process estate transfers and replace share certificates on a timely basis for Gold Basin shareholders.The Original Release stated that a total of 73,026,822 Gold Basin Shares, representing 54.04% of the issued and outstanding Gold Basin Shares, had been validly deposited (and not withdrawn) under its Offer. Due to the deficiencies noted above, CANEX took up a total of 70,088,199 Gold Basin Shares, representing 51.86% of the issued and outstanding Gold Basin Shares, and issued 41,492,194 common shares of CANEX to the Gold Basin shareholders.CANEX and Laurel Hill Advisory Group have been working with Gold Basin shareholders who made deficient deposits to the Offer to help them get replacement share certificates or proper estate transfer documentation so they can participate in a potential future Subsequent Acquisition Transaction (as such term is defined in the offer and accompanying take-over bid circular of CANEX dated August 28, 2025, as amended).EARLY WARNING DISCLOSUREAn amended early warning report will be filed on SEDAR+ reflecting this change.About CANEX MetalsCANEX Metals (TSX.V:CANX) is a Canadian junior exploration company focused on advancing its 100% owned Gold Range Project in Northern 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. CANEX has acquired 52% and a controll...