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Xanadu Mines Ltd ( (AU:XAM) ) has shared an announcement.
Xanadu Mines Limited has experienced a change in the interests of its substantial holder, Bastion Mining Pte. Ltd. Bastion has increased its voting power in Xanadu Mines from 78.91% to 80.81% through the acquisition of additional shares. This change results from Bastion’s takeover offer, which was accepted, leading to the acquisition of 43,390,635 shares at $0.08 per share. The increase in Bastion’s stake may strengthen its influence over Xanadu Mines’ strategic decisions and operations.
More about Xanadu Mines Ltd
Average Trading Volume: 8,929,030
Technical Sentiment Signal: Buy
Current Market Cap: A$182.2M
For detailed information about XAM stock, go to TipRanks’ Stock Analysis page.