Gold Basin Shareholders Approve Merger with CANEX Metals

Gold Basin Resources Corporation shareholders have approved the merger with CANEX Metals Inc. with a 75.82% majority vote. The agreement required at least 66.67% approval to pass. The final steps include securing approval from the TSX Venture Exchange and the Supreme Court of British Columbia, with a court hearing scheduled for June 8, 2026.

The strong voter turnout, with 73.9% of shares represented, demonstrates significant shareholder interest. Upon completion, Gold Basin shareholders will receive a partial share of CANEX for each Gold Basin share. Some shareholders representing 21.72% have shown dissent, as outlined in a management circular.

CANEX President Shane Ebert described the vote as a key milestone to advance the Gold Basin mining district. The merger aims to enhance exploration and resolve previous legal and financial issues affecting Gold Basin.