Gold Basin Resources Announces Date Of Annual General Meeting And Provides Corporate Update

Core Viewpoint - Gold Basin Resources Corporation has scheduled its annual general meeting for May 12, 2026, in response to a hostile takeover bid from Canex Metals Inc., which expired on February 10, 2026 [1][2]. Group 1: Annual General Meeting Details - The annual general meeting is set for May 12, 2026, with the record date for shareholders to be announced later [1]. - The meeting is called following the expiry of Canex's hostile takeover bid, allowing time for the completion of the Company's audited financial statements for the fiscal year ended December 31, 2024 [2]. Group 2: Hostile Bid Review - The Company is conducting a thorough review of the shares tendered to the hostile bid, expressing concerns about the validity of certain tenders and compliance with securities legislation [3]. - The Company reserves all rights regarding the matter and will update shareholders as the review progresses [3]. Group 3: Commitment to Shareholder Value - The Board is committed to maximizing shareholder value and is open to considering bona fide proposals that align with the best interests of the Company and its shareholders [4]. - Shareholders are advised not to take any action regarding their shares until the review is complete and the management information circular is distributed [5]. Group 4: Company Overview - Gold Basin Resources Corporation is advancing the Gold Basin Project, a 42 km² area located in Mohave County, Arizona, with year-round accessibility and existing infrastructure [6]. - The focus is on expanding and delineating multiple at-surface oxide gold deposits to demonstrate the project's district-scale potential [6].