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Bastion Mining Increases Stake in Xanadu Mines

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Bastion Mining Increases Stake in Xanadu Mines

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Xanadu Mines Ltd ( (AU:XAM) ) has issued an update.

Xanadu Mines Limited has seen a significant change in its shareholder structure, with Bastion Mining Pte. Ltd. increasing its voting power from 13.59% to 29.67%. This change results from Bastion’s acquisition of shares through a takeover offer, which could potentially impact Xanadu’s strategic direction and influence in the market.

More about Xanadu Mines Ltd

YTD Price Performance: 61.22%

Average Trading Volume: 7,012,186

Technical Sentiment Signal: Buy

Current Market Cap: A$181M

For a thorough assessment of XAM stock, go to TipRanks’ Stock Analysis page.

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