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Helix Resources Limited (ASX:HLX)

ALERT: Price-sensitive ASX Announcement for HLX
Current share price for HLX : $0.045 0.044 (4,400%)+
Announcement
Release
9 Jun 2026 8:24AM
Price at Release
$0.001
Full Release
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Summary
Helix Resources Limited (ASX: HLX) commented on the arrangement process involving Gold Basin Resources Corporation and CANEX Metals Inc. Helix highlighted several issues with the arrangement process, including disabled online voting facilities, rejection of proxies, and inadequate distribution of meeting materials to shareholders, especially in Australia and New Zealand. These issues are under judicial consideration by the Supreme Court of British Columbia. Helix asserts the Gold Basin Joint Venture Agreement remains binding under Western Australian law, despite challenges to its validity. The company's exploration activities span copper and gold projects in Arizona, USA, and Cobar, NSW, Australia.
Key Points
  • Helix Resources Ltd responded to CANEX Metals' arrangement involving Gold Basin.
  • Shareholder approval was achieved, but court and exchange approvals are pending.
  • Issues raised include online voting, proxy rejections, and inadequate material distribution.
  • Court filings address fairness and informed decision-making for shareholders.
  • Legal challenges to the Gold Basin Joint Venture Agreement are ongoing.
  • Helix's exploration projects include Arizona and Cobar, Australia.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.