Comments on Gold Basin - CANEX Arrangement Process

• CANEX Metals' proposed arrangement involving Gold Basin awaits Supreme Court approval
• Issues raised include shareholder disclosure, voting procedures, and proxy treatment
• Helix maintains the Joint Venture Agreement is valid and legally binding

Helix Resources Limited (ASX: HLX) has commented on the proposed arrangement by CANEX Metals Inc. involving Gold Basin Resources Corporation. The arrangement is pending approval by the Supreme Court of British Columbia and the TSX Venture Exchange. Helix highlights issues in court filings, including disabled online voting facilities, rejected proxies, and late receipt of meeting materials by shareholders. Helix also asserts the validity of the Gold Basin Joint Venture Agreement, despite challenges by former Gold Basin directors.