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Helix Navigates Hostile Takeover and Loan Restructure at Gold Basin JV
10:04pm on Wednesday 21st of January, 2026 AEDT
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Mining
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Helix Navigates Hostile Takeover and Loan Restructure at Gold Basin JV
10:04pm on Wednesday 21st of January, 2026 AEDT
Key Points
Helix holds option to earn 40% in Gold Basin oxide gold project
Canex Metals’ hostile takeover bid secures 49% but falls short of 66.7% threshold
Legal challenge to takeover dismissed on jurisdictional grounds
Gold Basin restructures USD 500,000 loan with reduced interest and secured mineral claims
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