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CANEX Metals completed its takeover of Gold Basin, acquiring 54% of shares, and plans full privatization.
CANEX Metals Inc. has completed its offer to acquire Gold Basin Resources Corporation, with 73 million shares tendered by the February 10, 2026, deadline, representing 54% of Gold Basin’s outstanding shares.
The offer, extended for 10 days, has now expired, allowing CANEX to proceed with the take-up process.
Shareholders who tendered will receive CANEX shares.
CANEX, already holding over 69 million Gold Basin shares, plans to seek shareholder approval for a full privatization, followed by delisting from the TSX Venture Exchange and potential termination of Gold Basin’s reporting status under Canadian securities laws.
The company has retained legal advisors and disclosed its final early warning report.
The transaction may pose challenges for U.S. investors due to foreign jurisdiction.
CANEX Metals completó su adquisición de Gold Basin, adquiriendo el 54% de las acciones, y planea una privatización completa.