On June 10, 2026, Gold Basin Resources Corporation (“Gold Basin”) announced the completion the arrangement (the “Arrangement”) involving Gold Basin and CANEX Metals Inc. (“CANEX”), pursuant to which 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 “Share Consideration”).
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.
Fasken advised the special committee of the board of directors of Gold Basin with a team led by Krisztian Toth, and included Perry Feldman, Aman Marwaha and Shyla Halseth (Capital Markets, Mergers & Acquisitions) and Mark Pontin and Paige Mueller (Litigation and Dispute Resolution).
Jurisdiction
- British Columbia
