on CANEX Metals Inc. (CVE:CANX)
CANEX Evaluates Gold Basin's Directors Circular and Issues Technical Report
CANEX Metals Inc., headquartered in Calgary, addresses a Directors' Circular from Gold Basin Resources Corporation. Gold Basin's Board urges shareholders to reject CANEX's acquisition offer, instead favoring an agreement with Helix Resources Limited. CANEX counters, citing inaccuracies in the Circular and financial instability within Gold Basin.
Gold Basin faces compliance challenges with board resignations, lack of financial reporting, no auditors, and ongoing legal issues. The CANEX Offer is portrayed as a stable alternative for Gold Basin shareholders.
Additionally, CANEX has filed an independent technical report for its Gold Range project in Arizona. The report outlines significant exploration potential, contradicting Gold Basin's doubts about the project's value.
R. E.
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