tiprankstipranks
Trending News
More News >

Bastion Mining Increases Stake in Xanadu Mines

Story Highlights
  • Bastion Mining has increased its voting power in Xanadu Mines from 78.91% to 80.81%.
  • The acquisition of additional shares may strengthen Bastion’s influence over Xanadu Mines’ operations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Bastion Mining Increases Stake in Xanadu Mines

Don’t Miss TipRanks’ Half-Year Sale

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1