CANEX Metals Announces the Numbers of Gold Basin Shares Taken up by Canex Metals

Core Viewpoint - CANEX Metals Inc. has revised the number of Gold Basin Shares it has taken up due to deficiencies identified in certain tenders, resulting in a lower percentage of shares acquired than initially reported [1][2][3]. Group 1: Share Acquisition Details - The original announcement indicated that 73,026,822 Gold Basin Shares, or 54.04% of the total issued shares, were validly deposited under the Offer [3]. - The corrected figure shows that CANEX took up 70,088,199 Gold Basin Shares, representing 51.86% of the issued shares, and issued 41,492,194 common shares of CANEX to Gold Basin shareholders [3]. Group 2: Issues with Tender Process - The revision was necessitated by deficiencies in the tender process, including delays caused by Gold Basin's lack of a transfer agent at the time of the Offer's expiry [2]. - CANEX is working with Gold Basin shareholders who made deficient deposits to assist them in obtaining replacement share certificates or proper estate transfer documentation [4]. Group 3: Company Overview - CANEX Metals is a Canadian junior exploration company focused on its 100% owned Gold Range Project in Northern Arizona, which has shown promising gold discoveries [6]. - The company has acquired a controlling interest in Gold Basin Resources Corporation, which is adjacent to the Gold Range Project, and is working towards a full combination to enhance the potential of the gold district [6].