Mayfair Acquisition Corp. Announces Intention to Make a Securities Exchange Takeover Bid to Acquire All of the Outstanding Shares of Gold Basin Resources Corporation and Canex Metals Inc.
Vancouver, British Columbia--(Newsfile Corp. - March 21, 2025) - Mayfair Acquisition Corp. (TSXV: MFA.P) ("Mayfair" or the "Company") announces that it intends to make a securities exchange takeover bid (the "Proposed Offer") to acquire all of the issued and outstanding shares of both Gold Basin Resources Corporation (TSXV: GXX) ("Gold Basin") and Canex Metals Inc. (TSXV: CANX) ("Canex") in exchange for common shares of the Company. The Proposed Offer is being made with the assistance of and facilitated by Discovery Group, an alliance of mineral exploration and development companies. Jim Paterson, a principal of Discovery Group has been appointed to the Company's Board of Directors (subject to TSXV acceptance) in connection with the Proposed Offer. It is intended that Discovery Group representatives John Robins and Darren Klinck will also join the Company's Board of Directors upon successful completion of the Proposed Offer. Messrs. Robins, Paterson and Klinck may be considered to be acting jointly and in concert with the Company in respect of the Proposed Offer.
不列颠哥伦比亚省温哥华——（资讯文件CORP - 2025年3月21日）——Mayfair Acquisition Corp.（TSXV：MFA.P）（“Mayfair”或“公司”）宣布其计划发起证券交换收购要约（“拟议要约”），以收购黄金盆地资源公司（TSXV：GXX）（“黄金盆地”）和Canex Metals Inc.（TSXV：CANX）（“Canex”）的所有已发行和流通的股份，以换取公司的普通股。拟议要约是在Discovery Group的协助和推动下进行的，该集团是矿产勘探和开发公司的联盟。Discovery Group的主要成员Jim Paterson已被任命为公司董事会成员（需经TSXV接受），以便与拟议要约相关。计划在拟议要约成功完成后，Discovery Group的代表John Robins和Darren Klinck也将加入公司的董事会。Robins、Paterson和Klinck先生可被认为是共同和协同地与公司就拟议要约进行有关。
The Company believes that a regional (northern Arizona) consolidation of the precious metal assets of the two target companies will greatly benefit shareholders of all companies. With much-needed financing and management changes provided by the Company and Discovery Group, the resulting company will have the potential to become a successful gold exploration and development company, supported by Discovery Group's team and investor network. For the purposes of the Proposed Offer, the Company will be valued solely based on its per share (post financing) net cash (working capital) value. Essentially, the Company is a cash financing vehicle to facilitate the combination of Gold Basin and Canex.
公司相信，对两家目标公司的贵金属资产进行区域型（北亚利桑那州）整合，将大大有利于所有公司的股东。在公司和Discovery Group提供的急需资金和管理变更下，结合后的公司有潜力成为一个成功的黄金勘探与开发公司，得到Discovery Group团队和投资者网络的支持。为了拟议要约的目的，公司将仅基于其每股（融资后）净现金（流动资金）价值进行估值。基本上，公司是一个现金融资工具，以促进黄金盆地和Canex的结合。
Readers should note that Mayfair has not yet commenced a takeover bid and are encouraged to carefully review the Cautionary Statements below regarding the status of the Proposed Offer and the factors that may cause Mayfair not to formally make the Proposed Offer. Mayfair has determined to announce its intention to make the Proposed Offer at this time to, in part, provide the board of directors of Gold Basin and Canex with additional time, beyond the statutory minimum bid period, to consider the terms of the Proposed Offer in the context of the market and to assess the availability of strategic alternatives. As Mayfair is a capital pool company, in accordance with TSX Venture Exchange ("TSXV") policies, the Proposed Offer may not be made without TSXV acceptance, and there is no assurance that such acceptance will be obtained.
读者应注意，Mayfair尚未开始收购买盘，并鼓励仔细审查以下关于拟议收购状态及可能导致Mayfair未能正式提出拟议收购的因素的警示声明。Mayfair决定在此时宣布其拟议收购的意图，部分是为了给予Gold Basin和Canex的董事会额外时间，超出法定的最低买盘期，以考虑拟议收购的条款，并评估战略替代方案的可用性。由于Mayfair是一家资本池公司，按照TSX创业交易所（"TSXV"）的政策，拟议收购未经TSXV接受不得进行，且不能确保获得此类接受。
Full details of the takeover bid described herein as the Proposed Offer, if made, will be set out in a Share Exchange Takeover Bid Circular which, in accordance with applicable securities laws, will contain prospectus level disclosure of Gold Basin, Canex, the Company, and the resulting entity.
本提案所述的收购要约的详细信息（如果提出）将在股权交换收购要约通函中列出，该通函将按照适用的证券法包含关于黄金盆地、Canex、公司及其结果实体的招股说明书级别的信息。
Background
背景
The previously mentioned Discovery Group representatives are all former directors of Gold Basin and are very familiar with Gold Basin's oxide project in northwestern Arizona and believe that the project has significant merit. All tried to work constructively with Gold Basin President, Charles Straw but to no avail, and all have left the board.
前面提到的Discovery Group的代表都是Gold Basin的前董事，对位于亚利桑那州西北部的Gold Basin氧化项目非常熟悉，并认为该项目具有重要价值。所有人都尽力与Gold Basin总裁Charles Straw进行建设性合作，但都未能成功，最终都离开了董事会。
On December 19, 2024 these individuals wrote a letter to the board members of Gold Basin on behalf of shareholders, including Mr. Straw, to voice concern over the management of Gold Basin. They pointed out that they had been told that Gold Basin had recently been in merger discussions with Canex and confirmed that they were strongly in favour of a merger and had advised Gold Basin management to pursue such discussions on numerous occasions over the past 2-3 years and when Gold Basin had at least six times the market capitalization as did Canex. Canex now has a higher market capitalization than Gold Basin, not because its shares have increased in value, but because Gold Basin's market capitalization had eroded significantly more. Despite that, the previously noted Discovery Group individuals requested Gold Basin to pursue merger discussions with Canex and offered to help to support such discussions. No response to the letter was received, and over time it became apparent that the request had been ignored.
2024年12月19日，这些人代表股东（包括斯特劳先生）向黄金盆地的董事会成员写了一封信，表达了对黄金盆地管理层的担忧。他们指出，他们被告知黄金盆地最近正在与Canex进行合并讨论，并确认他们非常支持合并，并在过去2-3年间多次建议黄金盆地管理层追求这样的讨论，而当时黄金盆地的市场资本化至少是Canex的六倍。现在Canex的市场资本化超过了黄金盆地，不是因为其股票价值上升，而是因为黄金盆地的市场资本化显著下降。尽管如此，之前提到的发现集团成员仍请求黄金盆地与Canex进行合并讨论，并表示愿意支持这样的讨论。该信函未收到回复，随着时间的推移，很明显该请求被忽视。
On February 20, 2025, the Company put forth a formal proposal (the "February 20 Proposal") to the boards of directors of Gold Basin and Canex for a shareholder approved business combination of Gold Basin, Canex, and Mayfair, pursuant to which Mayfair would complete an equity financing of between $2 million and $6 million and that the three companies would combine on the basis of Gold Basin and Canex shareholders each receiving shares of the combined entity valued (pre-financing) at 50% of the combined market capitalizations of Canex and Gold Basin and shareholders of Mayfair receiving shares of the combined entity on the basis of the cash value of Mayfair. As at the date of the February 20 Proposal, this would have resulted in a 32% premium to the trading price of Gold Basin's shares in relation to the shares of Canex. The Board of Directors of the combined company under the February 20 proposal was to consist of Discovery Group representatives John Robins, Jim Paterson, and Darren Klinck, and two representatives of each of Gold Basin and Canex.
2025年2月20日，公司向黄金盆地和Canex的董事会提出了一项正式提案（"2月20日提案"），以促进黄金盆地、Canex和Mayfair的股东批准的业务组合，根据该提案，Mayfair将完成200万至600万的股权融资，并且这三家公司将基于黄金盆地和Canex的股东每人收到合并实体的股份（融资前）按Canex和黄金盆地合并市场资本化的50%进行估值，Mayfair的股东根据Mayfair的现金价值接收合并实体的股份。在2月20日提案提出之时，这将使黄金盆地股票的交易价格相比于Canex的股票有32%的溢价。根据2月20日提案，合并公司的董事会将由发现集团代表约翰·罗宾斯、吉姆·帕特森和达伦·克林克以及黄金盆地和Canex各两位代表组成。
The equity financing, which was set out as a condition to completion of the transaction referenced in the February 20 Proposal, was to be completed by way of private placement of subscription receipts which would be converted to shares and warrants of the resulting entity upon completion of the transaction and were to be priced at the minimum acceptable (post-rollback) price in accordance with the policies of the TSXV. This financing would have been at a substantially lower share price than either Gold Basin or Canex had financed since going public, and to account for such dilution the subscription receipts were to be allocated on a "Quasi Rights Offering" basis, with shareholders of Gold Basin and Canex being given the opportunity to subscribe in priority to any other subscriptions, enabling the shareholders to maintain not less than the percentage of shares of Gold Basin and Canex that they currently hold, subject to applicable securities laws and regulatory approvals. The February 20 proposal stated that the resulting entity would consolidate its shares in an amount to be determined by the parties.
根据2月20日提案中提到的交易完成条件，股权融资将通过定向增发认购收据的方式完成，这些认购收据将在交易完成后转换为结果实体的股份和Warrants，并将按照TSXV的政策以最低可接受（回滚后）价格定价。与Gold Basin或Canex自公开上市以来的融资相比，此次融资的股价将大幅降低，并且为弥补这种稀释，认购收据将以“准权利发行”的方式分配，Gold Basin和Canex的股东将优先获得认购机会，使股东能够保持其目前持有的Gold Basin和Canex股份的比例，不低于其持有的比例，需遵循相关证券法律和监管批准。2月20日的提案指出，结果实体将按照各方确定的数量合并其股份。
Canex replied with a number of questions and appeared willing to engage in productive discussions to work towards completion of a transaction, but Gold Basin again failed to respond within the one week period provided by Mayfair. The Company and Discovery Group believe this to be indicative of Gold Basin'ssignificant management challenges, which have contributed to the company's financial difficulties, ultimately rendering it insolvent (refer to Gold Basin's September 30, 2024 interim financial statements). It is hoped that the Proposed offer will significantly improve the prospects for Gold Basin shareholders. by working together with shareholders and any supportive board members of both companies, and to consolidate two excellent gold projects under one roof for the benefit of all.
Canex回复了一些问题，并表现出愿意进行富有成效的讨论以推动交易的完成，但Gold Basin再次未能在Mayfair提供的一周内做出回应。公司和Discovery Group认为这表明Gold Basin管理层面临重大挑战，这些挑战导致了公司的财务困难，最终使其陷入破产（参考Gold Basin的2024年9月30日临时基本报表）。人们希望提议的报价能够显著改善Gold Basin股东的前景，通过与股东及两家公司任何支持的董事会成员合作，将两个优秀的黄金项目合并在一个屋檐下，以造福所有人。
The Proposed Offer
提议的报价
Mayfair intends for the Proposed Offer to be on the same terms as set out in the February 20 Proposal, except that Gold Basin representatives are not expected to be offered board positions and the minimum and maximum amount of the subscription receipt financing are expected to increase.
Mayfair计划将提议的报价与2月20日提案中列出的条款相同，除了Gold Basin代表不太可能被提供董事会职位外，预计认购凭证融资的最低和最高金额将有所增加。
The actual share exchange ratios under the Proposed Offer will be determined in accordance with the formula set out in the February 20 Proposal following the determination of the post-financing cash value of the Company and the rollback ratio.
在提议收购下，实际的股权交换比例将根据2月20日提议中列出的公式确定，这取决于公司融资后的现金价值和回退比例。
Conditions to Proposed Offer
提议收购的条件
The Company will not make the Proposed Offer without (i) acceptance of the TSXV, and there is no assurance that such acceptance will be obtained; (ii) having received lock-up agreements from holders of not less than 30% of the issued and outstanding shares of each of Gold Basin and Canex and; (iii)having received any required approvals of the Company's shareholders.
公司不会在没有(i) TSXV的接受下进行提议收购，并且不能保证能获得该接受；(ii) 收到不少于30%黄金盆地和CAN已发行和流通股份持有者的锁定协议；以及(iii) 收到公司股东所需的任何批准的情况下进行提议收购。
Additionally, the Company will only make the Proposed Offer if it can do so in compliance with all applicable securities laws, including ensuring that the Share Exchange Takeover Bid Circular contains prospectus-level disclosure of Gold Basin, Canex, the Company, and the resulting entity.
此外，只有在遵守所有适用的证券法的情况下，公司才会提出建议报价，包括确保股份交换收购要约通函包含黄金盆地、Canex、公司及所形成实体的招股说明书级别披露。
The Company anticipates that any offer ultimately made will be subject to (i) there being shares deposited under the Proposed Offer and not withdrawn representing at least 90% of the total number of issued and outstanding shares of each of Gold Basin and Canex; (ii) receipt of all governmental, regulatory and third party approvals that the Company considers necessary or desirable in connection with the Proposed Offer; and (iii) no material adverse change having occurred in the business, affairs, prospects or assets of Gold Basin or Canex.
公司预计，最终提出的任何报价将受到以下条件的限制：(i) 根据建议报价存入的股份且未被撤回的股份必须至少代表黄金盆地和Canex各自已发行和流通股份总数的90%；(ii) 收到公司认为与建议报价相关的所有政府、监管和第三方的批准；以及(iii) 黄金盆地或Canex的业务、事务、前景或资产未发生重大不利变化。
For further details on the conditions and potential factors that may affect the Proposed Offer, please refer to the Cautionary Note below.
有关提议收购的条件和可能影响因素的进一步详细信息，请参阅下面的警示说明。
Cautionary Note
警示说明
Readers are cautioned that financial markets are currently experiencing significant volatility and that a significant adverse change in market conditions could cause the Company to reevaluate the Proposed Offer and determine not to make an offer on the terms noted in this News Release or at all. In addition, the Company may determine not to make the Offer if: (i) it identifies material adverse information concerning the business, affairs, prospects or assets of Gold Basin or Canex not previously disclosed; (ii) Gold Basin or Canex implements or attempts to implement defensive tactics (such as a shareholder rights plan or the grant of an option (or similar right) to purchase material assets) in relation to the Offer; or (iii) Gold Basin determines to engage with Canex and the Company to negotiate the terms of a combination transaction and Gold Basin and Canex determine to undertake that transaction utilizing a structure other than a takeover bid (a plan of arrangement, for example). Accordingly, there can be no assurance that the Offer will be made or that the final terms of the Offer will be as set out in this News Release.
读者需注意，金融市场目前正经历显著的波动，市场条件的重大不利变化可能导致公司重新评估拟议报价，并判断是否按本资讯稿中提到的条款进行报价，或根本不报价。此外，如果公司发现关于黄金盆地或Canex的业务、事务、前景或资产的重大不利信息（此前未披露的）；(ii) 黄金盆地或Canex实施或试图实施与该报价相关的防御性策略（例如股东权利计划或授予购买重要资产的期权（或类似权利））；或(iii) 黄金盆地决定与Canex及公司就组合交易的条款进行谈判，并且黄金盆地与Canex决定采用非收购要约的结构执行该交易（例如计划安排），因此无法确保报价将会提出，或报价的最终条款将如本资讯稿中阐述的那样。
For more information, please
欲了解更多信息，请
contact: Mayfair Acquisition Corp.
联系人：梅菲尔收购公司。
Attn: Charles Walensky, CEO
致：查尔斯·瓦伦斯基，首席执行官
Telephone: +1 (612)928-5421
电话：+1 (612)928-5421
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
TSXV及其监管服务提供商（如TSXV政策中所定义的术语）对本公告的充分性或准确性不承担任何责任。
This News Release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
本资讯稿不构成出售要约或购买要约的邀请，也不应在任何管辖区内出售这些证券，任何此类要约、邀请或出售在该管辖区内侵犯证券法规定的注册或资格之前都是违法的。
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
关于前瞻性信息的警告声明
This document contains "forward-looking statements" (as defined under applicable securities laws). These statements relate to future events or future performance and reflect the Company's expectations, beliefs, plans, estimates, intentions, and similar statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts. Forward-Looking statements include, but are not limited to, statements regarding: the Proposed Offer, including the anticipated timingof the Proposed Offer; receipt of the approval of the TSX Venture Exchange. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expect", "plan","anticipate," "believe"", estimate," "predict", "potential", "continue," "target", "intend", "could" or thenegative of these terms or other comparable terminology.
本文件包含“前瞻性声明”（根据适用的证券法的定义）。这些声明与未来事件或未来表现相关，并反映公司的期望、信念、计划、估计、意图以及类似的关于预期未来事件、结果、情况、表现或期望的声明，这些不是历史事实。前瞻性声明包括但不限于关于：拟议要约的声明，包括拟议要约的预期时间；收到TSX创业交易所的批准。在某些情况下，前瞻性声明可以通过术语如“可能”、“将”、“应该”、“期望”、“计划”、“预期”、“相信”、“估计”、“预测”、“潜在”、“继续”、“目标”、“打算”、“能够”或这些术语的否定形式或其他类似的术语来识别。
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and a number of factors could cause actual events or results to differ materially from the results discussed in the forward-looking statements. In evaluating these statements, readers should specifically consider various factors that may cause actual results to differ materially from any forward-looking statement. These factors include, but are not limited to, market and general economic conditions (including slowing economic growth, inflation and rising interest rates) and the dynamic nature of the industry in which the Company operates.
从本质上讲，前瞻性声明涉及固有的风险和不确定性，包括一般和特定的风险，许多因素可能导致实际事件或结果与前瞻性声明中讨论的结果存在重大差异。在评估这些声明时，读者应特别考虑可能导致实际结果与任何前瞻性声明显著不同的各种因素。这些因素包括但不限于市场和一般经济条件（包括经济增长放缓、通货膨胀和利率上升）以及公司运营的行业的动态性质。
Although the forward-looking information contained in this document is based upon what the Company believes are reasonable assumptions, there can be no assurance that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this document are made as of the date of this document and should not be relied upon as representing views as of any date subsequent to the date of this document. Except as may be required by applicable law, the Company does not undertake, and specifically disclaims, any obligation to update or revise any forward-looking information, whether as a result of new information, further developments or otherwise.
尽管本文件中包含的前瞻性信息是基于公司认为合理的假设，但不能保证实际结果将与这些前瞻性声明一致。本文件中包含的前瞻性声明是在本文件的日期作出的，不应被视为代表任何在本文件日期之后的日期的观点。除非适用法律可能要求，公司不承担任何责任，并特别否认任何更新或修订前瞻性信息的义务，无论是由于新信息、进一步的开发或其他原因。
Trading in the Company's shares will remain halted pending review of the Proposed Offer by the TSXV.
公司股票的交易将继续暂停，等待对TSXV提议的出价进行审核。
译文内容由第三方软件翻译。
