CANEX Metals Receives Unsolicited Consolidation Proposal
CANEX Metals has received notice that Mayfair Acquisition Corp (TSX.V:MFA.P) plans to make an unsolicited offer to acquire all shares of both CANEX and Gold Basin Resources (TSX.V:GXX) in an all-share transaction. The proposed consolidation aims to combine both companies' Arizona gold assets under a company sponsored by the Discovery Group.
No formal offer has been received yet. CANEX's Board of Directors and management have committed to reviewing any proposal thoroughly once received and will provide a public statement accordingly. The company currently maintains a neutral stance and will not speculate on potential future actions.
CANEX Metals ha ricevuto notifica che Mayfair Acquisition Corp (TSX.V:MFA.P) intende fare un'offerta non richiesta per acquisire tutte le azioni sia di CANEX che di Gold Basin Resources (TSX.V:GXX) in una transazione interamente azionaria. La proposta di consolidamento mira a combinare le risorse aurifere in Arizona di entrambe le aziende sotto una società sponsorizzata dal Discovery Group.
Non è stata ancora ricevuta alcuna offerta formale. Il Consiglio di Amministrazione e la direzione di CANEX si sono impegnati a esaminare attentamente qualsiasi proposta una volta ricevuta e forniranno una dichiarazione pubblica di conseguenza. Attualmente, l'azienda mantiene una posizione neutrale e non speculerà su potenziali azioni future.
CANEX Metals ha recibido notificación de que Mayfair Acquisition Corp (TSX.V:MFA.P) planea hacer una oferta no solicitada para adquirir todas las acciones de CANEX y de Gold Basin Resources (TSX.V:GXX) en una transacción totalmente accionaria. La consolidación propuesta tiene como objetivo combinar los activos de oro de Arizona de ambas compañías bajo una empresa patrocinada por el Discovery Group.
Aún no se ha recibido ninguna oferta formal. La Junta Directiva y la dirección de CANEX se han comprometido a revisar cualquier propuesta a fondo una vez recibida y proporcionarán una declaración pública en consecuencia. Actualmente, la empresa mantiene una postura neutral y no especulará sobre posibles acciones futuras.
CANEX Metals는 Mayfair Acquisition Corp (TSX.V:MFA.P)가 CANEX와 Gold Basin Resources (TSX.V:GXX)의 모든 주식을 인수하기 위해 자발적이지 않은 제안을 할 계획이라는 통지를 받았습니다. 제안된 통합은 두 회사의 애리조나 금 자산을 Discovery Group이 후원하는 회사 아래 결합하는 것을 목표로 합니다.
아직 공식적인 제안은 접수되지 않았습니다. CANEX의 이사회와 경영진은 제안이 접수되면 철저히 검토할 것을 약속했으며, 이에 따라 공개 성명을 제공할 것입니다. 현재 회사는 중립적인 입장을 유지하고 있으며 향후 가능한 조치에 대해 추측하지 않을 것입니다.
CANEX Metals a reçu notification que Mayfair Acquisition Corp (TSX.V:MFA.P) prévoit de faire une offre non sollicitée pour acquérir toutes les actions de CANEX et de Gold Basin Resources (TSX.V:GXX) dans le cadre d'une transaction entièrement en actions. La consolidation proposée vise à combiner les actifs aurifères en Arizona des deux entreprises sous une société parrainée par le Discovery Group.
Aucune offre formelle n'a encore été reçue. Le conseil d'administration et la direction de CANEX se sont engagés à examiner toute proposition de manière approfondie une fois reçue et fourniront une déclaration publique en conséquence. L'entreprise maintient actuellement une position neutre et ne spéculera pas sur d'éventuelles actions futures.
CANEX Metals hat die Mitteilung erhalten, dass Mayfair Acquisition Corp (TSX.V:MFA.P) plant, ein unaufgefordertes Angebot zur Übernahme aller Aktien von CANEX und Gold Basin Resources (TSX.V:GXX) in einer rein aktienbasierten Transaktion abzugeben. Die vorgeschlagene Konsolidierung zielt darauf ab, die Goldressourcen in Arizona beider Unternehmen unter einer von der Discovery Group gesponserten Gesellschaft zu vereinen.
Bislang wurde noch kein formelles Angebot erhalten. Der Vorstand und das Management von CANEX haben sich verpflichtet, jedes eingehende Angebot gründlich zu prüfen und werden entsprechend eine öffentliche Erklärung abgeben. Das Unternehmen vertritt derzeit eine neutrale Haltung und wird keine Spekulationen über mögliche zukünftige Maßnahmen anstellen.
- None.
- None.
CALGARY, AB / ACCESS Newswire / March 21, 2025 / CANEX Metals Inc. ("CANEX" or the "Company") has been informed that Mayfair Acquisition Corp. ("Mayfair") (TSX.V:MFA.P), a Canadian based capital pool company, intends to make an unsolicited offer to acquire all the shares of CANEX and all of the shares of Gold Basin Resources ("Gold Basin") (TSX.V:GXX) in an all share transaction. The offer intends to combine the Arizona gold assets of both CANEX and Gold Basin into a company sponsored by the Discovery Group.
No formal offer has been received. The Board of Directors and management of CANEX are committed to reviewing any proposal in a timely and thorough manner. Upon receipt of a formal offer, the Board will evaluate its terms and provide a public statement in due course. Until CANEX has had an opportunity to review the proposal and its terms, it is not in a position to comment on the offer and will not speculate as to any future course of action it might take.
The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.
About CANEX Metals
CANEX Metals (TSX.V:CANX) is a Canadian junior exploration company focused on advancing it's
Dr. Shane Ebert P.Geo., is the Qualified Person for CANEX Metals and has approved the technical disclosure contained in this news release.
"Shane Ebert"
Shane Ebert
President/Director
For Further Information Contact:
Shane Ebert at 1.250.964.2699 or
Jean Pierre Jutras at 1.403.233.2636
Web: http://www.canexmetals.ca
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates" and similar expressions, are forward-looking information that represents management of CANEX Metals Inc. internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of CANEX. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause CANEX's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in CANEX's filings with the Canadian securities authorities. Accordingly, holders of CANEX shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. CANEX disclaims any responsibility to update these forward-looking statements.
SOURCE: CANEX Metals Inc.
View the original press release on ACCESS Newswire
FAQ
What is the proposed acquisition structure for CANEX Metals and Gold Basin Resources?
Has CANEX Metals received a formal offer from Mayfair Acquisition Corp?
What assets would be consolidated in the proposed Mayfair acquisition?
How has CANEX's board responded to Mayfair's acquisition intention?
