VANCOUVER, British Columbia, Aug. 21, 2025 (GLOBE NEWSWIRE) -- Mayfair Acquisition Corp. (TSXV: MFA.P) (“Mayfair” or the “Company”) announces that it no longer intends to make a takeover bid for the outstanding securities of Gold Basin Resources Corporation (“Gold Basin”) and Canex Metals Inc. ("Canex"). The representatives of Discovery Group, being John Robins, Jim Paterson, and Darren Klinck, who were supporting Mayfair’s bid originally announced on March 20, 2025, have agreed to support the formal takeover bid by Canex for all issued and outstanding shares of Gold Basin initially announced on June 9, 2025.
Related Questions
How will Mayfair Acquisition Corp.'s withdrawal from the bid affect its share price and trading volume?
What are the expected price movements for Gold Basin Resources and Canex Metals now that the takeover bid has shifted to Canex?
What are the underlying reasons for the change in strategy, and how might this impact the likelihood of the pending Canex takeover completing successfully?