VANCOUVER, BC / ACCESS Newswire / June 10, 2026 / Gold Basin Resources Corporation (“Gold Basin”) (TSXV:GXX) is pleased to announce that it has completed the previously announced arrangement (the “Arrangement”) involving Gold Basin and CANEX Metals Inc. (“CANEX”).
In accordance with the terms of the Arrangement, CANEX acquired all the remaining issued and outstanding common shares in the capital of Gold Basin (each a “Gold Basin Share”) for 0.592 of a common share of CANEX per Gold Basin Share.
The Arrangement was originally announced on May 12, 2026, and was approved by Gold Basin’s shareholders at a special meeting held on June 4, 2026 (the “Meeting”). Gold Basin obtained a final order in respect of the Arrangement from the Supreme Court of British Columbia on June 9, 2026.
Additional information regarding the terms of the Arrangement is set out in Gold Basin’s management information circular dated May 14, 2026, filed in connection with the Meeting under Gold Basin’s profile on SEDAR+ at www.sedarplus.ca.
Early Warning Disclosure
Immediately prior to the completion of the Arrangement, CANEX had beneficial ownership of, and exercised control and direction of 70,088,199 Gold Basin Shares, representing approximately 51.86% of the then issued and outstanding Gold Basin Shares. As a result of the Arrangement, CANEX beneficially owns, or exercises control and direction over, 104,742,818 Gold Basin Shares, representing 100% of the issued and outstanding Gold Basin Shares.
An early warning report will be filed in accordance with applicable securities laws and will be available on CANEX’s SEDAR+ profile at www.sedarplus.ca. To obtain a copy of the early warning report
